Good corporate governance provides a framework for rules, relationships, systems and processes by which our organisation is managed and controlled. Our corporate governance statement influences how our objectives are set and achieved, how risk is monitored and assessed, and how performance is maximised.
For our approach to sound corporate governance, Westfund has drawn from:
- the ASX corporate governance principles and recommendations and
- the Australian Prudential Regulation Authority (APRA) Corporate Governance Standard for private health insurers.
The Corporations Act and the Private Health Insurance Act provide our registration and also impose obligations on the way we conduct our business.