Pryme’s Board of Directors is responsible for ensuring that the Company has an appropriate corporate governance structure to ensure the creation, protection and enhancement of shareholder value. This requires that appropriate accountability and control systems are in place.
The Board endorses the Australian Securities Exchange Limited (ASX) Corporate Governance Council's Corporate Governance Principles and Recommendations (ASX Principles).
At Pryme, the role of the Board includes ensuring that the Company acts ethically and in the best interest of shareholders in everything it does. To the extent possible, these standards of behaviour are reflected in the Company’s corporate governance policies and codes. These policies and codes are regularly reviewed and, where necessary, updated.
The Pryme Constitution is the Company’s key governance document. The Company is committed to compliance with the Constitution.
The Corporate Governance Statement deals with the extent of compliance of the Company with its Corporate Governance Principals each year and is included in the Company’s Annual Report to Shareholders.
The Pryme Board Charter deals with the composition and operation of the Board of Directors and its adherence to the Company’s governing policies and charters.
The Pryme Board comprises two non-executive directors Mr George Lloyd (Chairman) and Mr Gregory Short, both of whom are independent, and two executive directors, Mr Justin Pettett (Managing Director and Chief Executive Officer) and Mr Ryan Messer (Chief Operating Officer). The composition of the Board is balanced, with Directors possessing a broad range of skills, experience, expertise, and qualifications relevant to Pryme's business.
View the biographies of Pryme's Board of Directors.
The Board has established the following committees:
- Remuneration & Nomination Committee [charter]
- Audit Committee [charter]
The Pryme Code of Conduct and Ethics governs the commercial operations of Pryme and, in particular, compliance with the law and the ethical standards to which Pryme will conform when dealing employees, stakeholders and third parties.
The Pryme Continuous Disclosure Policy is a formal policy deals with compliance with the continuous disclosure provisions of the Corporations Act and ASX Listing Rules. The policy is designed to ensure that all investors have equal and timely access to material information concerning the Company.
The Pryme Shareholder Communications Policy is designed to promote effective communication with shareholders and encourage effective participation at Pryme' General Meetings.
The Corporations Act and the laws of other jurisdictions in which Pryme operates contain provisions which prohibit a person in possession of material, non-public information relating to a company from dealing with the securities of that company. The Pryme Personnel Securities Trading Policy sets guidelines designed to prevent Pryme and Personnel from intentionally or unintentionally breaching these Laws.
The Pryme Environmental Management, Health and Safety Policy recognises the need for Pryme to manage its activities in a manner that minimises the likelihood of any adverse impact on its surroundings and promotes the health and safety of its employees, contractors, the general public and all other stakeholders.
The Board is responsible for ensuring that effective risk management programs are in place to protect Pryme's assets and shareholder value.
The Risk Management Policy, covers financial and operational risks and documents Pryme's risk management framework.
The following Corporate Governance related material is also available through the section:
Corporate Governance Statement
Pryme Board Charter
Pryme Code of Conduct and Ethics
Pryme Continuous Disclosure Policy
Pryme Shareholder Communications Policy
Pryme Personnel Securities Trading Policy
Environmental, Health and Safety Policy
Risk Management Policy