We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oilex Ld | LSE:OEX | London | Ordinary Share | AU000000OEX8 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.165 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOEX
RNS Number : 4920Q
Oilex Ltd
12 September 2017
Rules 4.7.3 and 4.10.3
Appendix 4G
Key to Disclosures
Corporate Governance Council Principles and Recommendations
Introduced 01/07/14 Amended 02/11/15
Name of entity ---------------------------------- OILEX LTD ---------------------------------- Financial year ABN / ARBN ended: --------------- --------------- 50 078 652 632 30 June 2017 --------------- ---------------
Our corporate governance statement for the above period above can be found at:
These pages of our annual report: This URL on our http://oilex.com.au/about/corporate-governance website:
The Corporate Governance Statement is accurate and up to date as at 11 September 2017 and has been approved by the Board.
The annexure includes a key to where our corporate governance disclosures can be located.
Date: 12 September 2017 Name of Director or Secretary Mark Bolton authorising lodgement:
Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX.
Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.
Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3.
"Corporate governance statement" is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.
+ See chapter 19 for defined terms.
ANNEXURE - KEY TO CORPORATE GOVERNANCE DISCLOSURES
Corporate Governance Council We have followed the recommendation We have NOT followed the recommendation in full for the whole of recommendation in full the period above. We have for the whole of the period disclosed ... above. We have disclosed ... ------------------------------------------- ------------------------------------ ----------------------------------- Principle 1 - Lay solid foundations for management and oversight ---------------------------------------------------------------------------------------------------------------------- 1.1 A listed entity should ... the fact that we follow an explanation why that disclose: this recommendation: is so in our Corporate (a) the respective roles in our Corporate Governance Governance Statement OR and responsibilities of Statement OR we are an externally managed its board and management; at [insert location] entity and this recommendation and ... and information about is therefore not applicable (b) those matters expressly the respective roles and reserved to the board responsibilities of our and those delegated to board and management (including management. those matters expressly reserved to the board and those delegated to management): at http://oilex.com.au/about/corporate -governance Board Charter ---- ------------------------------------- ------------------------------------ ----------------------------------- 1.2 A listed entity should: ... the fact that we follow an explanation why that (a) undertake appropriate this recommendation: is so in our Corporate checks before appointing in our Corporate Governance Governance Statement OR a person, or putting forward Statement OR we are an externally managed to security holders a at [insert location] entity and this recommendation candidate for election, is therefore not applicable as a director; and (b) provide security holders with all material information in its possession relevant to a decision on whether or not to elect or re-elect a director. ---- ------------------------------------- ------------------------------------ ----------------------------------- 1.3 A listed entity should ... the fact that we follow an explanation why that have a written agreement this recommendation: is so in our Corporate with each director and in our Corporate Governance Governance Statement OR senior executive setting Statement OR we are an externally managed out the terms of their at [insert location] entity and this recommendation appointment. is therefore not applicable ---- ------------------------------------- ------------------------------------ ----------------------------------- 1.4 The company secretary ... the fact that we follow an explanation why that of a listed entity should this recommendation: is so in our Corporate be accountable directly in our Corporate Governance Governance Statement OR to the board, through Statement OR we are an externally managed the chair, on all matters at [insert location] entity and this recommendation to do with the proper is therefore not applicable functioning of the board. ---- ------------------------------------- ------------------------------------ ----------------------------------- 1.5 A listed entity should: ... the fact that we have an explanation why that (a) have a diversity policy a diversity policy that is so in our Corporate which includes requirements complies with paragraph Governance Statement OR for the board or a relevant (a): we are an externally managed committee of the board in our Corporate Governance entity and this recommendation to set measurable objectives Statement OR is therefore not applicable for achieving gender at [insert location] diversity ... and a copy of our diversity and to assess annually policy or a summary of both the objectives and it: the entity's progress at in achieving them; http://oilex.com.au/about/corporate (b) disclose that policy -governance or a summary of it; and ... and the measurable (c) disclose as at the objectives for achieving end of each reporting gender diversity set by period the measurable the board or a relevant objectives for achieving committee of the board gender diversity set by in accordance with our the board or a relevant diversity policy and our committee of the board progress towards achieving in accordance with the them: entity's diversity policy in our Corporate Governance and its progress towards Statement OR achieving them and either: at [insert location] (1) the respective ... and the information proportions referred to in paragraphs of men and women on the (c)(1) or (2): board, in senior executive in our Corporate Governance
positions and across the Statement OR whole organisation (including at [insert location] how the entity has defined "senior executive" for these purposes); or (2) if the entity is a "relevant employer" under the Workplace Gender Equality Act, the entity's most recent "Gender Equality Indicators", as defined in and published under that Act. ---- ------------------------------------- ------------------------------------ ----------------------------------- 1.6 A listed entity should: ... the evaluation process an explanation why that (a) have and disclose referred to in paragraph is so in our Corporate a process for periodically (a): Governance Statement OR evaluating the performance in our Corporate Governance we are an externally managed of the board, its committees Statement OR entity and this recommendation and individual directors; at is therefore not applicable and http://oilex.com.au/about/corporate (b) disclose, in relation -governance to each reporting period, ... and the information whether a performance referred to in paragraph evaluation was undertaken (b): in the reporting period in our Corporate Governance in accordance with that Statement OR process. at [insert location] ---- ------------------------------------- ------------------------------------ ----------------------------------- 1.7 A listed entity should: ... the evaluation process an explanation why that (a) have and disclose referred to in paragraph is so in our Corporate a process for periodically (a): Governance Statement OR evaluating the performance in our Corporate Governance we are an externally managed of its senior executives; Statement OR entity and this recommendation and at is therefore not applicable (b) disclose, in relation http://oilex.com.au/about/corporate to each reporting period, -governance whether a performance ... and the information evaluation was undertaken referred to in paragraph in the reporting period (b): in accordance with that in our Corporate Governance process. Statement OR at [insert location] ---- ------------------------------------- ------------------------------------ ----------------------------------- Principle 2 - Structure the board to add value ---------------------------------------------------------------------------------------------------------------------- 2.1 The board of a listed [If the entity complies an explanation why that entity should: with paragraph (a):] is so in our Corporate (a) have a nomination ... the fact that we have Governance Statement OR committee which: a nomination committee we are an externally managed (1) has at least three that complies with paragraphs entity and this recommendation members, a majority of (1) and (2): is therefore not applicable whom are independent in our Corporate Governance directors; and Statement OR (2) is chaired by an at [insert location] independent director, ... and a copy of the charter and disclose: of the committee: (3) the charter of the at [insert location] committee; ... and the information (4) the members of the referred to in paragraphs committee; and (4) and (5): (5) as at the end of in our Corporate Governance each reporting period, Statement OR the number of times the at [insert location] committee met throughout [If the entity complies the period and the with paragraph (b):] individual ... the fact that we do attendances of the members not have a nomination committee at those meetings; or and the processes we employ (b) if it does not have to address board succession a nomination committee, issues and to ensure that disclose that fact and the board has the appropriate the processes it employs balance of skills, knowledge, to address board succession experience, independence issues and to ensure and diversity to enable that the board has the it to discharge its duties appropriate balance of and responsibilities effectively: skills, knowledge, in our Corporate Governance experience, Statement OR independence and diversity at [insert location] to enable it to discharge its duties and responsibilities effectively. ------ ----------------------------------- ------------------------------------ ----------------------------------- 2.2 A listed entity should ... our board skills matrix: an explanation why that have and disclose a board in our Corporate Governance is so in our Corporate skills matrix setting Statement OR Governance Statement OR out the mix of skills at [insert location] we are an externally managed and diversity that the entity and this recommendation board currently has or is therefore not applicable is looking to achieve in its membership. ------ ----------------------------------- ------------------------------------ ----------------------------------- 2.3 A listed entity should ... the names of the directors an explanation why that disclose: considered by the board is so in our Corporate (a) the names of the to be independent directors: Governance Statement directors considered in our Corporate Governance by the board to be independent Statement OR directors; at [insert location] (b) if a director has ... and, where applicable, an interest, position, the information referred association or relationship to in paragraph (b): of the type described in our Corporate Governance in Box 2.3 but the board Statement OR is of the opinion that at [insert location] it does not compromise ... and the length of service the independence of the of each director: director, the nature in our Corporate Governance of the interest, position, Statement OR association or relationship at in question and an explanation http://oilex.com.au/investor-inform of why the board is of ation/reports/all that opinion; and Financial Report 2017 at (c) the length of service pages 14 and 15 of each director. ------ ----------------------------------- ------------------------------------ ----------------------------------- 2.4 A majority of the board ... the fact that we follow an explanation why that of a listed entity should this recommendation: is so in our Corporate be independent directors. in our Corporate Governance Governance Statement OR Statement OR we are an externally managed at [insert location] entity and this recommendation is therefore not applicable ------ ----------------------------------- ------------------------------------ ----------------------------------- 2.5 The chair of the board ... the fact that we follow an explanation why that of a listed entity should this recommendation: is so in our Corporate
be an independent director in our Corporate Governance Governance Statement OR and, in particular, should Statement OR we are an externally managed not be the same person at [insert location] entity and this recommendation as the CEO of the entity. is therefore not applicable ------ ----------------------------------- ------------------------------------ ----------------------------------- 2.6 A listed entity should ... the fact that we follow an explanation why that have a program for inducting this recommendation: is so in our Corporate new directors and provide in our Corporate Governance Governance Statement OR appropriate professional Statement OR we are an externally managed development opportunities at [insert location] entity and this recommendation for directors to develop is therefore not applicable and maintain the skills and knowledge needed to perform their role as directors effectively. ------ ----------------------------------- ------------------------------------ ----------------------------------- Principle 3 - ACT ethicalLY and responsiblY ---------------------------------------------------------------------------------------------------------------------- 3.1 A listed entity should: ... our code of conduct an explanation why that (a) have a code of conduct or a summary of it: is so in our Corporate for its directors, senior in our Corporate Governance Governance Statement executives and employees; Statement OR and at (b) disclose that code http://oilex.com.au/about/corporate or a summary of it. -governance ------ ----------------------------------- ------------------------------------ ----------------------------------- Principle 4 - Safeguard integrity in CORPORATE reporting ---------------------------------------------------------------------------------------------------------------------- 4.1 The board of a listed [If the entity complies an explanation why that entity should: with paragraph (a):] is so in our Corporate (a) have an audit committee ... the fact that we have Governance Statement which: an audit committee that (1) has at least three complies with paragraphs members, all of whom (1) and (2): are non-executive directors in our Corporate Governance and a majority of whom Statement OR are independent directors; at [insert location] and ... and a copy of the charter (2) is chaired by an of the committee: independent director, at [insert location] who is not the chair ... and the information of the board, referred to in paragraphs and disclose: (4) and (5): (3) the charter of the in our Corporate Governance committee; Statement OR (4) the relevant at [insert location] qualifications [If the entity complies and experience of the with paragraph (b):] members of the committee; ... the fact that we do and not have an audit committee (5) in relation to each and the processes we employ reporting period, the that independently verify number of times the and safeguard the integrity committee of our corporate reporting, met throughout the period including the processes and the individual for the appointment and attendances removal of the external of the members at those auditor and the rotation meetings; or of the audit engagement (b) if it does not have partner: an audit committee, disclose in our Corporate Governance that fact and the processes Statement OR it employs that at [insert location] independently verify and safeguard the integrity of its corporate reporting, including the processes for the appointment and removal of the external auditor and the rotation of the audit engagement partner. ------ ----------------------------------- ------------------------------------ ----------------------------------- 4.2 The board of a listed ... the fact that we follow an explanation why that entity should, before this recommendation: is so in our Corporate it approves the entity's in our Corporate Governance Governance Statement financial statements Statement OR for a financial period, at [insert location] receive from its CEO and CFO a declaration that, in their opinion, the financial records of the entity have been properly maintained and that the financial statements comply with the appropriate accounting standards and give a true and fair view of the financial position and performance of the entity and that the opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. ------ ----------------------------------- ------------------------------------ ----------------------------------- 4.3 A listed entity that ... the fact that we follow an explanation why that has an AGM should ensure this recommendation: is so in our Corporate that its external auditor in our Corporate Governance Governance Statement OR attends its AGM and is Statement OR we are an externally managed available to answer questions at [insert location] entity that does not hold from security holders an annual general meeting relevant to the audit. and this recommendation is therefore not applicable ------ ----------------------------------- ------------------------------------ ----------------------------------- Principle 5 - Make timely and balanced disclosure ---------------------------------------------------------------------------------------------------------------------- 5.1 A listed entity should: ... our continuous disclosure an explanation why that (a) have a written policy compliance policy or a is so in our Corporate for complying with its summary of it: Governance Statement continuous disclosure in our Corporate Governance obligations under the Statement OR Listing Rules; and at (b) disclose that policy http://oilex.com.au/about/corporate or a summary of it. -governance (Summary of Policy on Continuous Disclosure and Summary of Compliance Procedures) ------ ----------------------------------- ------------------------------------ ----------------------------------- Principle 6 - Respect the rights of sECURITY holders ---------------------------------------------------------------------------------------------------------------------- 6.1 A listed entity should ... information about us an explanation why that provide information about and our governance on our is so in our Corporate itself and its governance website: Governance Statement to investors via its at website. http://oilex.com.au/about/corporate -governance ------ ----------------------------------- ------------------------------------ ----------------------------------- 6.2 A listed entity should ... the fact that we follow an explanation why that design and implement this recommendation: is so in our Corporate
an investor relations in our Corporate Governance Governance Statement program to facilitate Statement OR effective two-way communication at [insert location] with investors. ------ ----------------------------------- ------------------------------------ ----------------------------------- 6.3 A listed entity should ... our policies and processes an explanation why that disclose the policies for facilitating and encouraging is so in our Corporate and processes it has participation at meetings Governance Statement OR in place to facilitate of security holders: we are an externally managed and encourage participation in our Corporate Governance entity that does not hold at meetings of security Statement OR periodic meetings of security holders. at holders and this recommendation http://oilex.com.au/about/corporate is therefore not applicable -governance (Shareholder Communications and Investor Relations Policy) ------ ----------------------------------- ------------------------------------ ----------------------------------- 6.4 A listed entity should ... the fact that we follow an explanation why that give security holders this recommendation: is so in our Corporate the option to receive in our Corporate Governance Governance Statement communications from, Statement OR and send communications at [insert location] to, the entity and its security registry electronically. ------ ----------------------------------- ------------------------------------ ----------------------------------- Principle 7 - RECOGNISE AND MANAGE RISK ---------------------------------------------------------------------------------------------------------------------- 7.1 The board of a listed [If the entity complies an explanation why that entity should: with paragraph (a):] is so in our Corporate (a) have a committee ... the fact that we have Governance Statement or committees to oversee a committee or committees risk, each of which: to oversee risk that comply (1) has at least three with paragraphs (1) and members, a majority of (2): whom are independent in our Corporate Governance directors; and Statement OR (2) is chaired by an at [insert location] independent director, ... and a copy of the charter and disclose: of the committee: (3) the charter of the at [insert location] committee; ... and the information (4) the members of the referred to in paragraphs committee; and (4) and (5): (5) as at the end of in our Corporate Governance each reporting period, Statement OR the number of times the at [insert location] committee met throughout [If the entity complies the period and the with paragraph (b):] individual ... the fact that we do attendances of the members not have a risk committee at those meetings; or or committees that satisfy (b) if it does not have (a) and the processes we a risk committee or employ for overseeing our committees risk management framework: that satisfy (a) above, in our Corporate Governance disclose that fact and Statement OR the processes it employs at [insert location] for overseeing the entity's risk management framework. ------ ----------------------------------- ------------------------------------ ----------------------------------- 7.2 The board or a committee ... the fact that board an explanation why that of the board should: or a committee of the board is so in our Corporate (a) review the entity's reviews the entity's risk Governance Statement risk management framework management framework at at least annually to least annually to satisfy satisfy itself that it itself that it continues continues to be sound; to be sound: and in our Corporate Governance (b) disclose, in relation Statement OR to each reporting period, at [insert location] whether such a review ... and that such a review has taken place. has taken place in the reporting period covered by this Appendix 4G: in our Corporate Governance Statement OR at [insert location] ------ ----------------------------------- ------------------------------------ ----------------------------------- 7.3 A listed entity should [If the entity complies an explanation why that disclose: with paragraph (a):] is so in our Corporate (a) if it has an internal ... how our internal audit Governance Statement audit function, how the function is structured function is structured and what role it performs: and what role it performs; in our Corporate Governance or Statement OR (b) if it does not have at [insert location] an internal audit function, [If the entity complies that fact and the processes with paragraph (b):] it employs for evaluating ... the fact that we do and continually improving not have an internal audit the effectiveness of function and the processes its risk management and we employ for evaluating internal control processes. and continually improving the effectiveness of our risk management and internal control processes: in our Corporate Governance Statement OR at [insert location] ------ ----------------------------------- ------------------------------------ ----------------------------------- 7.4 A listed entity should ... whether we have any an explanation why that disclose whether it has material exposure to economic, is so in our Corporate any material exposure environmental and social Governance Statement to economic, environmental sustainability risks and, and social sustainability if we do, how we manage risks and, if it does, or intend to manage those how it manages or intends risks: to manage those risks. in our Corporate Governance Statement OR at [insert location] ------ ----------------------------------- ------------------------------------ ----------------------------------- Principle 8 - REMUNERATE FAIRLY AND RESPONSIBLY ---------------------------------------------------------------------------------------------------------------------- 8.1 The board of a listed [If the entity complies an explanation why that entity should: with paragraph (a):] is so in our Corporate (a) have a remuneration ... the fact that we have Governance Statement OR committee which: a remuneration committee we are an externally managed (1) has at least three that complies with paragraphs entity members, a majority of (1) and (2): and this recommendation whom are independent in our Corporate Governance is therefore directors; and Statement OR not applicable (2) is chaired by an at [insert location]
independent director, ... and a copy of the charter and disclose: of the committee: (3) the charter of the at [insert location] committee; ... and the information (4) the members of the referred to in paragraphs committee; and (4) and (5): (5) as at the end of in our Corporate Governance each reporting period, Statement OR the number of times the at [insert location] committee met throughout [If the entity complies the period and the with paragraph (b):] individual ... the fact that we do attendances of the members not have a remuneration at those meetings; or committee and the processes (b) if it does not have we employ for setting the a remuneration committee, level and composition of disclose that fact and remuneration for directors the processes it employs and senior executives and for setting the level ensuring that such remuneration and composition of is appropriate and not remuneration excessive: for directors and senior in our Corporate Governance executives and ensuring Statement OR that such remuneration at [insert location] is appropriate and not excessive. ------ ----------------------------------- ------------------------------------ ----------------------------------- 8.2 A listed entity should ... separately our remuneration an explanation why that separately disclose its policies and practices is so in our Corporate policies and practices regarding the remuneration Governance Statement OR regarding the remuneration of non-executive directors we are an externally managed of non-executive directors and the remuneration of entity and this recommendation and the remuneration executive directors and is therefore not applicable of executive directors other senior executives: and other senior executives. in our Corporate Governance Statement OR at http://oilex.com.au/investor-inform ation/reports/all Financial Report 2017, Remuneration Report commencing at page 21 ------ ----------------------------------- ------------------------------------ ----------------------------------- 8.3 A listed entity which ... our policy on this an explanation why that has an equity-based remuneration issue or a summary of it: is so in our Corporate scheme should: in our Corporate Governance Governance Statement OR (a) have a policy on Statement OR w e do not have an equity-based whether participants at [insert location] remuneration scheme and are permitted to enter this recommendation is into transactions (whether therefore not applicable through the use of derivatives OR or otherwise) which limit we are an externally managed the economic risk of entity and this recommendation participating in the is therefore not applicable scheme; and (b) disclose that policy or a summary of it. ------ ----------------------------------- ------------------------------------ ----------------------------------- ADDITIONAL DISCLOSURES APPLICABLE TO EXTERNALLY MANAGED LISTED ENTITIES ---------------------------------------------------------------------------------------------------------------------- - Alternative to Recommendation ... the information referred an explanation why that 1.1 for externally managed to in paragraphs (a) and is so in our Corporate listed entities: (b): Governance Statement The responsible entity in our Corporate Governance of an externally managed Statement OR listed entity should at [insert location] disclose: (a) the arrangements between the responsible entity and the listed entity for managing the affairs of the listed entity; (b) the role and responsibility of the board of the responsible entity for overseeing those arrangements. ------ ----------------------------------- ------------------------------------ ----------------------------------- - Alternative to Recommendations ... the terms governing an explanation why that 8.1, 8.2 and 8.3 for our remuneration as manager is so in our Corporate externally managed listed of the entity: Governance Statement entities: in our Corporate Governance An externally managed Statement OR listed entity should at [insert location] clearly disclose the terms governing the remuneration of the manager. ------ ----------------------------------- ------------------------------------ -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLTMPTMBJBMMR
(END) Dow Jones Newswires
September 12, 2017 04:31 ET (08:31 GMT)
1 Year Oilex Ld Chart |
1 Month Oilex Ld Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions