Corporate Governance

The framework of rules, relationships, systems and processes

Ardent Leisure Group (Group) is a stapled security and trades on the Australian Securities Exchange under the code “AAD”. The Group comprises Ardent Leisure Trust (Trust) and Ardent Leisure Limited (ALL). The responsible entity of the Trust is Ardent Leisure Management Limited (ALML). The Directors of the Group are committed to the establishment of a flexible and effective system of corporate governance and have set out the respective roles and responsibilities of the Board and senior management in a Board Charter. Since its introduction in March 2003, the ASX Corporate Governance Council have continued to develop and revise the “Principles of Good Corporate Governance and Best Practice Recommendations”. Whilst recognising that one size does not fit all, the Principles provide the benchmark for corporate governance practice that aims “to promote investor confidence and to assist listed entities to meet stakeholder expectations”. The latest edition, the “Corporate Governance Principles and Recommendations (3rd Edition)“, takes effect for a listed entity’s first full financial year commencing 1 July 2014. Other than those relating to audit committees for companies that are included in the S&P / ASX 300 Index, a listed entity can choose to conform with the Council’s recommendations or adopt alternative practices that its board considers more suitable for the entity. In accordance with the ASX Listing Rules, the Group’s¬†Corporate Governance Statement as at 30 June 2016¬†explains how it complies with the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (3rd Edition). This Statement was lodged with the ASX on 28th September 2016. The following documents provide information on our corporate governance practices: