The Avexa Board of Directors is committed to implementing and maintaining the highest standards of good corporate governance and best practice with the initial objective of working towards compliance with the recommendations published by the Australian Securities Exchange (ASX Guidelines).
The Avexa Board is responsible for, and has the authority to determine, all matters relating to the strategic direction, policies and practices for the management and operation of the Company.
In view of the small capitalisation of the Company and prior to the establishment of a Board comprised of a majority of independent non-executive Directors, the Avexa Board has determined in certain instances to depart from the ASX Guidelines as detailed in Section 5 of the Information Memorandum in relation to the spin-out of shares in Avexa Ltd dated 5 July 2004. Click here to view the Information Memorandum.
Avexa welcomes comments from shareholders in relation to the Company's Corporate Governance program. Use the online enquiry form to forward any comments.
Avexa has developed guidelines which provide a basic explanation of insider trading and Avexa's policy to prevent it. Avexa's policy for directors and all employees in respect of the purchase and sale of Company securities prohibits trading whilst they are in possession of price sensitive information.