Corporation Governance Statement

Introduction

The Board of Directors is responsible for the corporate governance of GWA Group Limited (the Group) which is an essential role of the Board.  The Group’s corporate governance practices have been in place since listing and are reassessed regularly in the light of experience and, contemporary views and guidelines on corporate governance practices.  The Board adopts practices it considers to be superior and which will lead to better outcomes for the Group’s shareholders.

The Board supports The Third Edition of the Corporate Governance Principles and Recommendations (the recommendations) of the ASX Corporate Governance Council.  The Board confirms that the current corporate governance practices of the Group meet or exceed these recommendations.  The Group’s corporate governance disclosures have been prepared in accordance with the Third Edition of the principles and recommendations of the ASX Corporate Governance Council.  Additional disclosures have also been provided to enhance the transparency of the Group’s corporate governance practices. 

The Group will report for FY21 under the Fourth Edition of the principles and recommendations of the ASX Corporate Governance Council which were released in February 2019.  The report under the Fourth Edition will be available in September 2021.

This statement was approved by the Board of GWA Group Limited and is current as at 30 June 2019. The statement is available on the Group’s website at www.gwagroup.com.au under Corporate Governance.