We are committed to running RACQ ethically and in line with the appropriate standards of corporate governance.

Annual General Meeting (AGM)

RACQ’s AGM has been scheduled for 2pm, Tuesday, 19 November 2019. More information, including the notice of meeting, explanatory memorandum and online voting is available here: https://events.miraqle.com/RACQ/home/.

We are also pleased to offer greater member participation at the AGM through an online platform at racq.com/AGM. If you choose to participate in the meeting online, you will be able to view the meeting live and Eligible Members can vote and ask questions online.

Corporate Governance Statement

The RACQ Corporate Governance Statement (PDF, 58 KB) is current at 24 September 2019 and has been approved by the RACQ board.

The board of directors

The role of the board is to oversee and guide the management of RACQ with the aim of protecting and enhancing long-term member value. The board is responsible for ensuring effective governance practices and the overall performance and conduct of RACQ. A number of committees exist to assist this function.

Committees

  • Group Audit Committee – assists the board fulfilling its objectives and oversight for financial and statutory reporting, external and internal audit, and the effectiveness of the Group’s financial reporting framework.
  • Group Remuneration and Nomination Committee – provides advice in relation to remuneration and nomination policies and practices that accord with RACQ’s values and the relevant compliance obligations.
  • Group Capital and Investments Committee – assists in the governance and stewardship of RACQ Group capital and investments.
  • Risk and Compliance Committee – assists in fulfilling the board’s risk management and compliance responsibilities.

Codes of conduct

Employees at all levels are required to conduct themselves with the highest ethical standards of corporate behaviour. Our directors code of conduct requires directors to behave ethically, act within the law, avoid conflicts of interest and act honestly in all business activities. Our employee code of conduct sets out the principles and standards for all employees.

Constitution and bylaws

RACQ’s members have rights which are set out in RACQ’s Constitution (PDF, 300KB) and By-Laws (PDF, 134KB).

Remuneration, performance and assessment

Under the RACQ’s Constitution (PDF, 300KB), eligible members determine the aggregate remuneration payable to directors. The board then determines its individual allocation. Senior management remuneration is determined by market information provided by an independent expert.

We have a formal performance management system for all members of the senior management team. Management discuss their performance with the Group CEO every six months, and the board assesses the performance of the Group CEO.

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