Corporate governance is the system by which companies are directed and managed. It influences how an organisation’s objectives are achieved, how its risks are monitored and assessed and how its performance is optimised.
The Manager has adopted an overall corporate governance framework that is designed to meet best practice standards and recognises that an effective corporate governance culture is critical to success. At all times, the Manager strives to achieve governance outcomes which effectively balance the needs of GMT, its stakeholders, regulators and the market.
The manager's core corporate governance policies and charters can be viewed here.
Further information on corporate governance, as it relates to the Board of Directors, remuneration, policies, committees and disclosures are included in the latest annual report.
The Manager’s governance framework is materially consistent with the Corporate Governance Best Practice Code of NZX with an analysis against the NZX Code located here.
The Board works with Management to formulate and monitor the strategic direction of the Trust and monitor the Trust’s performance against set targets. The Board also has the responsibility to ensure business risks are appropriately identified and managed and statutory, financial and social responsibilities of the Manager are complied with. A copy of the Board’s approved mandate can be found here. A copy of GMT's Trust Deed can be found here.