GOVERNANCE The Brickworks’ Board is committed to developing and maintaining good corporate governance and recognises that this is best achieved through its people and their actions. The company’s long-term future is best served by ensuring that its employees have the highest levels of honesty and integrity. These employees are retained and developed through fair remuneration, appropriate long-term incentives and equity participation in the company. It is also critical to the success of the company that an appropriate culture is nurtured and developed, starting from the Board itself. Our Governance Statement can be found on our website www.brickworks.com. au. The statement has been prepared in line with the principles of the ASX Corporate Governance Council’s “Corporate Governance Principles and Recommendations (3rd Edition)”.
Board Membership Tenure of non-executive Directors (excluding Chairman)
Representation including the appointment of Malcolm Bundey
50%
Brickworks has policies and procedures in place that ensure the highest standards of corporate governance. We abide by all Australian laws and the requirements of regulatory authorities in each state.
BOARD SUCCESSION PLANNING AND DIVERSITY
40%
25%
In FY19, the Board focussed on Board renewal. Brickworks is pleased to announce the appointment of Malcolm Bundey, as an independent non-executive Director to the Brickworks Board, with effect from 1 October 2019. This appointment restores the Board to 7 directors, which was reduced in 2018 when David Gilham retired from the Board.
25% 20%
0–7 years
/ 78 / Brickworks Limited / Sustainability Report 2019
40%
7–14 years
14–21 years
