Abacus Property Group – Annual Financial Report 2017

Abacus Property Group
Corporate Governance Report
The Audit and Risk Committee has a formal charter that sets out its specific roles and
responsibilities, and composition requirements.
The procedures for the selection and appointment of the external auditor are set out in the Audit
and Risk Committee Charter.
The Audit and Risk Committee Charter is available on the Abacus website.
Recommendation 4.2
Before approving the financial statements for a financial period, the Board receives from the
Managing Director and Chief Financial Officer a declaration that, in their opinion, the financial
records of the entity have been properly maintained and that the financial statements comply
with the appropriate accounting standards and give a true and fair view of the financial position
and performance of the entity and that the opinion has been formed on the basis of a sound
system of risk management and internal control that is operating effectively
Recommendation 4.3
The external auditor attends the Abacus annual general meeting and is available at the meeting
to answer questions from securityholders relevant to the audit.
Principle 5: Make timely and balanced disclosure
Recommendation 5.1
The Group has a policy and procedures designed to ensure compliance with ASX Listing Rule
disclosure requirements. The Managing Director is responsible for ensuring that the Group
complies with its disclosure obligations.
The Continuous Disclosure and Securityholder Communications Policy is available on the
Abacus website.
Principle 6: Respect the rights of securityholders
Recommendation 6.1
The Group aims to keep securityholders informed of significant developments and activities of
the Group. The Group’s website is updated regularly and includes annual and half-yearly
reports, distribution history and all other announcements lodged with the ASX, as well as a
corporate governance landing page from which all relevant corporate governance information
can be accessed. The Abacus website also includes webcasts of the results briefings.
The Group keeps a summary record for internal use of the issues discussed at group and oneon-one
briefings with investors and analysts, including a record of those present where
appropriate.
The Continuous Disclosure and Securityholder Communications Policy is available on the
Abacus website.
Recommendation 6.2
The Continuous Disclosure and Securityholder Communications Policy, which is available on
the Abacus website, sets out Abacus’ communication strategy with securityholders.
Routine queries received by the Group’s registry are responded to by the registry. Non-routine
queries are directed to the Group’s Head of Investor Relations for response. Securityholders,
other financial market participants and the financial media also communicate directly with the
Head of Investor Relations to seek information and provide feedback. Relevant feedback is
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