The AWB Limited Board has approved and implemented Continuous Disclosure Guidelines that are designed to ensure that AWB Limited meets its continuous disclosure obligations under the ASX Listing Rules and the Corporations Act 2001.
The Guidelines:
- outline the legal and regulatory disclosure requirements that apply to AWB Limited;
- give guidance as to the types of information that may require disclosure;
- give practical guidance for dealing with analysts, institutions, the media and other members of the public;
- establish and document a system for disclosure of material information, and identify the channels for employees to pass on potentially market-sensitive information as soon as it comes to hand; and
- allocates responsibility for approving the form of any public disclosures and the making of other public statements or communications.
The Board has delegated to a Continuous Disclosure Committee the responsibility for examining potentially market-sensitive information and determining whether the information is required to be disclosed. The Committee:
- liaises with the ASX in relation to continuous disclosure issues;
- is responsible for reviewing and approving all proposed public announcements;
- may liaise with the Managing Director and the AWB Limited Board in relation to disclosure issues; and
- must regularly update the Guidelines, in particular to reflect any changes in the regulatory environment.