2012 Annual Report - Domino's Pizza
2012 Annual Report - Domino's Pizza
2012 Annual Report - Domino's Pizza
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CORPORATE GOVERNANCE STATEMENT CONTINUED<br />
SECURITIES TRADING POLICY<br />
The Company has adopted a policy that imposes<br />
certain restrictions on officers, employees<br />
and franchisees trading in the securities of the<br />
Company. The restrictions have been imposed to<br />
prevent inadvertent contraventions of the insider<br />
trading provisions of the Corporations Act 2001.<br />
The key aspects of the policy are:<br />
• trading whilst in the possession of material<br />
price-sensitive information is prohibited;<br />
• trading is permitted without approval in the<br />
three week period after the release to the<br />
ASX of the half-yearly and annual results, the<br />
end of the AGM or at any time the Company<br />
has a prospectus open, but only if they have<br />
no inside information and the trading is not<br />
for short-term or speculative gain; and<br />
• trading in other circumstances is only<br />
permitted if the person is personally<br />
satisfied that they are not in possession of<br />
inside information and they have obtained<br />
approval. Permission will be given for<br />
such trading only if the approving person<br />
is satisfied that the transaction would not<br />
be contrary to law, for speculative gain or<br />
to take advantage of inside information.<br />
DPE Limited’s price-sensitive information<br />
is information which a reasonable person<br />
would expect to have a material effect on the<br />
price or value of DPE Limited’s securities.<br />
CONTINUOUS DISCLOSURE POLICY<br />
The Company has adopted a<br />
Continuous Disclosure policy so as to<br />
comply with its continuous disclosure<br />
obligations. The policy aims to:<br />
• assess new information and co-ordinate<br />
any disclosure or releases to the ASX,<br />
or any advice required in relation to that<br />
information, in a timely manner;<br />
• provide an audit trail of the decisions<br />
regarding disclosure to substantiate<br />
compliance with the Company’s<br />
continuous disclosure obligations; and<br />
• ensure that employees, consultants,<br />
associated entities and advisers of the<br />
Company understand the obligations<br />
to bring material information to the<br />
attention of the Company Secretary.<br />
Accountabilities and responsibilities<br />
For administrative convenience, DPE Limited<br />
has nominated the Company Secretary as the<br />
person responsible for communications with<br />
the ASX. In addition, the Company Secretary<br />
has responsibility for overseeing and coordinating<br />
disclosure of information to the ASX<br />
and communicating with the CEO and CFO<br />
in relation to continuous disclosure matters.<br />
The Company Secretary and Chief Financial<br />
Officer are also responsible for overseeing<br />
and co-ordinating disclosure of information<br />
to the media and to analysts, brokers and<br />
shareholders and communicating with the Board<br />
in relation to continuous disclosure matters.<br />
Disclosure principle<br />
In order to ensure DPE Limited meets<br />
its obligations of timely disclosure<br />
of such information, DPE Limited<br />
adheres to the following practice:<br />
• immediate notification to the ASX of<br />
information concerning DPE Limited that<br />
a reasonable person would expect to have<br />
a material effect on the price or value of<br />
DPE Limited’s securities as prescribed<br />
under Listing Rule 3.1, except where<br />
such information is not required to be<br />
disclosed in accordance with the exception<br />
provisions of the ASX Listing Rules.<br />
External communications<br />
Under this Policy, only those DPE Limited<br />
employees who have been authorised<br />
by the Chairman or CEO can speak on<br />
behalf of the Company to the media,<br />
analysts or investors. DPE Limited will<br />
not disclose price-sensitive information<br />
to any investor or analyst before formally<br />
disclosing the information to the market.<br />
Release of briefing materials/media releases<br />
All draft DPE Limited media releases and<br />
external presentations are reviewed by senior<br />
management to determine if they are subject<br />
to the continuous disclosure requirements.<br />
The purpose of that review is to ensure:<br />
• the factual accuracy of any information;<br />
• there is no material omission<br />
of information; and<br />
• that the information will be<br />
disclosed in a timely manner.<br />
As a result of that review, any written material<br />
containing price-sensitive information to be<br />
used in briefing media, institutional investors<br />
or analysts, must be lodged with the ASX<br />
prior to the brief commencing. As soon as<br />
practicable after confirmation of receipt<br />
by the ASX, the briefing material is posted<br />
to DPE Limited’s corporate website.<br />
COMMUNICATIONS POLICY<br />
The Board aims to ensure that DPE<br />
Limited’s shareholders are informed of<br />
all major developments affecting the<br />
Company’s state of affairs. Information is<br />
communicated to shareholders through:<br />
• The full <strong>Annual</strong> <strong>Report</strong>. All shareholders<br />
have to elect to receive a copy of the full<br />
<strong>Annual</strong> <strong>Report</strong>, unless they have elected<br />
not to receive one, and a copy is available,<br />
on request. Current corporations legislation<br />
allows for the default option of receiving<br />
annual reports via the internet. Shareholders<br />
must be given notification of this change<br />
and be given the opportunity to elect to<br />
receive a hard copy of the <strong>Annual</strong> <strong>Report</strong>.<br />
• Disclosures made to the ASX. DPE Limited<br />
endeavours to post announcements<br />
on its corporate website the same<br />
day they are released to the ASX.<br />
• Notices and Explanatory Memoranda of each<br />
AGM or other meeting of shareholders.<br />
• The AGM. DPE Limited encourages<br />
shareholders to attend DPE Limited’s AGM<br />
to canvass relevant issues of interest. If<br />
shareholders are unable to attend the AGM<br />
personally, they are encouraged to participate<br />
through the appointment of a proxy or proxies.<br />
The corporate website is located at<br />
http://www.dominos.com.au and contains:<br />
• the full financial statements of DPE Limited;<br />
• all media releases made to the ASX<br />
by DPE Limited. Each media release<br />
posted to the website clearly shows the<br />
date it was released to the market;<br />
• a Company profile;<br />
• contact details for DPE Limited’s<br />
head office; and<br />
• copies of corporate governance policies.<br />
This website has a dedicated investor<br />
information section which is intended to facilitate<br />
quick and easy access for shareholders.<br />
Attendance of the external auditor<br />
at the DPE Limited AGM<br />
It is both DPE Limited’s policy and the policy<br />
of the auditor for the lead engagement<br />
partner to be present at the AGM to<br />
answer questions about the conduct of the<br />
audit and the preparation and content of<br />
the Auditors’ <strong>Report</strong>. These policies are<br />
consistent with the Corporations Act 2001.<br />
Shareholders attending the AGM are made<br />
aware they can ask questions of the auditor<br />
concerning the conduct of the audit.<br />
8<br />
ANNUAL REPORT <strong>2012</strong> DOMINO’S PIZZA ENTERPRISES LIMITED