Corporate governance
Macquarie's approach to corporate governance aims to achieve superior and sustainable financial performance and long term prosperity while meeting stakeholders' expectations of sound corporate governance.
Macquarie's corporate governance framework has been developed to support Macquarie's client focused business operations while providing clear guidance on how authority is exercised within Macquarie, including Board oversight of key controls. The Board, with the assistance of the Board Committees, determines the most appropriate corporate governance practices.
Macquarie Group Limited is listed on the Australian Securities Exchange (ASX) and is regulated by the Australian prudential regulator, APRA, as a non-operating holding company of a licensed Australian Bank, Macquarie Bank Limited. Macquarie is also supervised by the Australian corporate regulator, ASIC. A number of Macquarie's key operating subsidiaries are supervised by regulators in the overseas jurisdiction in which they operate.
Members of the Board and staff are responsible for upholding the goals and values to which Macquarie aspires.
While Macquarie's board and board committee structure has remained largely unchanged for a number of years, board delegations and board / committee charters are regularly reviewed. Macquarie's approach to risk management and remuneration has also been consistent over time.
Macquarie monitors regulatory and corporate governance developments that impact on Macquarie's businesses, adopting corporate governance practices it considers are in the best interests of Macquarie and its shareholders, consistent with Macquarie's responsibilities to other stakeholders including clients, investors and staff.
Macquarie's corporate governance framework and associated practices are described in the corporate governance section of Macquarie's Annual Report.
A link to this description and related corporate governance information is available below:
Macquarie Corporate Governance Statement
External auditor policy statement
External communications policy summary
Macquarie and corporate citizenship
Risk Management Policy and Systems
Statement of Corporate Governance in Macquarie Managed Funds
Macquarie and the ASX Corporate Governance Council's Principles and Recommendations