Westpac Funds Management Limited: Corporate governance

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Westpac Funds Management Limited
Corporate governance

Westpac Funds Management Limited's (WFML) approach to corporate governance is to have a set of values and behaviours that:

Underpin everyday activities
Ensure transparency and fair dealing
Protect stakeholder interests

As a member of Westpac Banking Corporation, WFML also benefits from Westpac's corporate governance framework, including risk and capital management policies, procedures and controls.

This approach includes a commitment to best practice governance standards, which the Board sees as fundamental to the sustainability of its Funds and the WFML business and performance.

The Board's approach has been guided by the principles and practices which are in the best interest of investors while ensuring full compliance with legal requirements. In pursuing its commitment to best practice governance standards, the Board will continue to review and improve its governance practices and, as a member of the Westpac Group, WFML will benefit from Westpac continuing to:

Monitor global developments in best practice corporate governance
Contribute to local and international debates on what represents best corporate governance practice
Review and improve its governance practices

In developing its overall approach to corporate governance, the Board has been guided by:

The "principles of Good Corporate Governance and Best Practice Recommendations" published in March 2003 by the Australian Stock Exchange Limited's Corporate Governance Council ("Recommendations"), together with the Implementation Review Group Report dated 31 March 2004, the Implementation Review Group Second Report published in February 2005 and the associated "if not why not?" Corporate Governance Reporting Examples
The Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (also known as CLERP 9)
The Australian Standard AS8000 Good Governance Principles

Download WFML's key corporate governance policies and practices:


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Read about WFML.



For more information, call us on 1300 363 136

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Financial products issued by Westpac Funds Management Limited ("WFML") are not deposits with or other liabilities of Westpac Banking Corporation ABN 33 007 457 141 ("Westpac"). They are subject to investment risk, including possible delays in repayment and loss of income and principal invested. Neither Westpac nor any of its respective directors, officers, employees, associates or its subsidiaries guarantee or give any assurance in regard to the capital value, income return or performance of the investment.

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