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The ASX Corporate Governance Council (“the Council”) published its Principles of Good Corporate Governance and Best Practice Recommendations in 2003. The Council revised the recommendations in 2007. Centuria Capital has welcomed this guidance and the Board has established corporate governance practices in line with the Council’s recommendations.
As recognised by the Council, corporate governance is the system by which companies are directed and managed. It influences how the objectives of the company are set and achieved, how risk is monitored and assessed and how performance is optimised. There is no single model of good corporate governance. At Centuria, good corporate governance will evolve with our changing circumstances and will be tailored to meet those circumstances.
The diagram below shows an overview of Centuria’s Corporate Governance Framework. Centuria’s listed REITs; Centuria Office REIT and Centuria Industrial REIT, benefit from Centuria Capital Group’s governance approach, whilst also maintaining their own governing bodies.