Corporate Governance


This statement outlines CSL’s principal corporate governance practices in place during the financial year ended 30 June 2017. This statement has been approved by the Board. Copies of all governance documents referred to in this statement can be found in the ‘Corporate Governance’ section of CSL’s website at www.csl.com.au/about/governance.htm.

The Board and management maintain high standards of corporate governance as part of their commitment to maximise shareholder value through effective strategic planning, risk management, transparency and corporate responsibility.

The Board and management remain committed to continuing to review CSL’s corporate governance practices in response to changes in market conditions or recognised best practices, including the implementation of any changes to the ASX Corporate Governance Principles and Recommendations or ASX Listing Rules.

Throughout the year ended 30 June 2017, the Board believes that CSL’s corporate governance practices have complied with the recommendations contained in the 3rd edition of the ASX Corporate Governance Council’s ‘Corporate Governance Principles and Recommendations’, released in March 2014 (the ASX Corporate Governance Principles and Recommendations). The following table indicates where they are dealt with in this statement.

ASX Corporate Governance
Principles and Recommendations

Section reference
in this statement

Principle 1 – Lay solid foundations for management and oversight

1, 2

Principle 2 - Structure the Board to add value

1, 4

Principle 3 - Act ethically and responsibly

3

Principle 4 - Safeguard integrity in corporate reporting

4, 5

Principle 5 - Make timely and balanced disclosures

4, 6

Principle 6 - Respect the rights of security holders

6

Principle 7 - Recognise and manage risk

 4, 5

Principle 8 - Remunerate fairly and responsibly

 4, 7