Corporate Governance

Corporate Governance Overview

The A.G. Coombs Group is a privately owned Australian Company. Operations commenced in 1945 and, since this time, the organisation has expanded into a fully integrated group of specialist building services companies operating throughout Australia.

Governance Framework

The A.G. Coombs Group Board operates within a structured governance framework to enable the Board to comply with the requirements of the Corporations Act 2001, other relevant regulatory obligations, and the Company’s Constitution.

A Corporate Governance Guide sets the basis for ethical and professional conduct necessary to meet the expectations of shareholders, employees and other stakeholders.

Group Board

The Group Board comprises a combination of experienced executive and non-executive directors providing a healthy mix of company specific knowledge with broader industry and governance expertise.

External audit

The annual statutory accounts of the organisation are independently audited by a leading Chartered Accounting firm.

Internal Control framework

A.G. Coombs operates within a Group Management System that can be described under four headings:

  • Effectiveness and efficiency of operations.
  • Reliability of reporting.
  • Compliance with applicable laws and regulations.
  • Code of conduct.

Business Risk Management

The Company has a risk management process designed to ensure:

  • Strategic, operational and financial risks are identified.
  • Systems are in place to monitor and manage the risks.
  • Reporting systems are in place.
  • Risk management systems are operating effectively.
  • Compliance with relevant legislation.

A comprehensive insurance program provides protection against major risk exposures that cannot be eliminated by appropriate risk management practices.