Corporate Governance

Tandou’s corporate governance practices are based on the ASX Principles of Good Corporate Governance and Best Practice Recommendations.

Corporate Governance Statement

The Tandou Board is committed to best practice in corporate governance where these practices are appropriate and add value to Tandou Limited.

Current corporate governance practices include to:

1. Lay solid foundations for management and oversight
2. Structure the Board to add value
3. Promote ethical and responsible decision making
4. Safeguard integrity in financial reporting
5. Make timely and balanced disclosure
6. Respect the rights of shareholders
7. Recognise and manage risk
8. Remunerate fairly and responsibly

 

Download Tandou's Corporate Governance Statement.

Board Charter

The Board Charter outlines the functions and responsibilities of the Board in order to facilitate Board and management accountability for Tandou’s performance and strategic direction.

The Board must carry out its responsibilities in a manner that is consistent with Tandou’s Vision & Mission Statements, commitment to operational excellence, the business environment and Tandou’s financial position.

Code of Conduct

Tandou’s Code of Conduct sets minimum standards of conduct and integrity to be observed by all Board members.

Communication strategy

Tandou abides by a Continuous Disclosure Policy  that sets out the key obligations of the Board and senior management to ensure that we comply with our obligations under the ASX Listing Rules and the Corporations Act. 

We recognise the importance of continuous communication with shareholders and potential investors and see the internet as an important communication tool for the dissemination of market information which is included on this site.

Audit and Corporate Governance Committee Charter

The purpose of the Audit and Corporate Governance Committee is to:

• Assist the Board in carrying out its responsibility to exercise due care, diligence and skill in relation to the Board’s reporting of financial information, application of accounting policies, financial management, internal control systems, business policies and procedures, compliance with applicable laws and corporate governance regulations and monitoring and controlling of business risks.
• Provide a formal forum for communication between the Board, auditors and senior management.
• Improve the effectiveness of the external audit function and the communication between the Board and the external auditors and evaluate the need for any internal audit function.
• Recommend action for ultimate approval of the Board.

Download the full Audit and Corporate Governance Committee Charter.

Remuneration Committee Charter

The objective of the Remuneration Committee is to review and recommend appropriate remuneration policies which are designed to meet the needs of the company and to enhance corporate and individual performance.

Download the full Remuneration Committee Charter.

Nominating and Review Committee Charter

The charter of the Nominating and Review Committee is to ensure that Tandou has available to it a Board with the appropriate competencies to enable it to effectively discharge its mandate.

Download the full Nominating and Review Committee Charter.

Risk Management Policy

The primary objective of risk management  is to ensure that the risks facing the business are appropriately managed. This gives stakeholders the confidence to deal with us or invest in us.

The Board and senior management of Tandou is committed to manage its risks in order to minimise uncertainty and maximise business opportunities.

Tandou’s risk management framework includes:

• Risk identification
• Risk analysis
• Risk evaluation
• Risk treatment
• Risk reporting
• Risk monitoring and review
• Risk rating

Download the full Risk Management Policy.

Share Trading Policy

The Tandou Share Trading Policy is a recommended code of practice that is designed to:

• Establish clear guidelines for directors, senior executives and other designated officers as to the expectations that Tandou has in relation to dealings in Tandou shares.
• Minimise the potential for insider trading under the law by directors, senior executives and other designated officers.

Environmental and Social Sustainability

Tandou recognises its responsibility to manage our limited resources of land and water in a responsible and sustainable way. As such our whole-of-company Environmental Management System (EMS) is based on internationally recognised ISO14000 principles. We also operate one of the largest extremely water efficient row crop sub-surface irrigation developments in Australia.

During harvest periods, Tandou generates employment for up to 250 people in western New South Wales and has a current permanent staff of 46 with an average of eight years service.