Governance
Astron’s governance framework is integral to its business activities, reputation and stakeholder relationships.
Constitution
A core corporate governance document governing the management of the Company and establishing the rights, roles and responsibilities of members and directors.
Board Charter
The Board has adopted a charter to provide a framework for its effective operation. The Board Charter sets out guidance on Board composition, role and responsibilities as well as the relationship and interaction between the Board of Directors and Executive Team.
Audit and Risk Committee Charter
The Board of Directors has adopted an Audit and Risk Committee Charter to provide a framework for its effective operation. The charter sets out guidance on committee composition, role and responsibilities.
Nomination and Remuneration Committee Charter
The Board of Directors has adopted a Nomination and Remuneration Committee Charter to provide a framework for its effective operation. The charter sets out guidance on committee composition, role and responsibilities.
Code of Conduct
The Board of Directors recognises the need to observe appropriate standards of corporate practice and business conduct. This code sets out the Group’s position on various matters including ethical conduct, business conduct, compliance, security of information, integrity and conflicts of interest.
Securities Trading Policy
This policy regulates the trading of Astron’s securities by its directors, officers, and employees. It aims to prevent insider trading by restricting trading activities when individuals possess price-sensitive information that is not publicly available. The policy outlines the procedures for obtaining clearance to trade, the periods during which trading is permitted, and the consequences of breaching the policy.
Continuous Disclosure Policy
This policy sets out procedures and measures designed to ensure that Astron complies with its continuous disclosure obligations.
Communications with Shareholders Policy
This policy outlines how Astron communicates with shareholders through ASX disclosures, periodic reports, shareholder meetings, and our website. It establishes our commitment to providing current and relevant information in a timely and accessible manner, ensuring effective shareholder engagement and transparent corporate communication.
Anti-Bribery and Corruption Policy
This policy establishes the Group’s commitment to maintaining high standards of honesty, integrity, and objectivity. It prohibits the giving or accepting of gifts and benefits that could compromise integrity or create conflicts of interest, with guidelines for recording and declining gifts and benefits. The policy applies globally, ensuring adherence to its principles regardless of local laws, and extends to all employees, contractors, consultants, and directors.
Whistleblower Protection Policy
This policy is designed to encourage employees and contractors of Astron to report potential misconduct without fear of retaliation. It outlines the process for raising concerns, either informally with a leader, or formally through the whistleblower program.
Risk Management and Internal Compliance and Control Policy
This policy outlines the Group’s approach to risk management and internal compliance. Astron’s process includes establishing goals and objectives, continuously identifying and reacting to risks, and formulating strategies to manage these risks. The Board oversees the ongoing assessment of the effectiveness of these strategies, while management is responsible for reporting on their efficiency and effectiveness.
Diversity Policy
This policy aims to enhance Astron’s performance by recognising and utilising the diverse skills and talents of its directors, officers, and employees. The policy promotes equal opportunities in hiring, training, and career advancement, based on performance, skill, and merit.
Privacy Policy
This policy details how personal information collected by Astron is used, disclosed and stored and outlines Astron’s commitment to protecting the safety and security of personal information provided to Astron.
Remuneration Policy
This policy outlines the compensation structure for non-executive directors and executives. The purpose of the policy is to ensure that Astron’s remuneration practices align director and executive objectives with shareholder and business objectives; reflect good governance and risk management; attract and retain talent; and reward effort.
Corporate Governance Statement
Under the Listing Rules, the Company is required to provide a statement in its annual report disclosing the extent to which it has followed the ASX Corporate Governance Principles and Recommendations in the relevant reporting period. Where the Company does not follow a recommendation, it must identify the recommendation that has not been followed and give reasons for not following it.