As a listed entity, GDI is required to report its compliance with, or reasons for not following the 4th edition of the ASX Corporate Governance Principles and Recommendations (ASX Recommendations).

These ASX Recommendations relate to such things as the roles of the Board and its Committees, the Board’s independence, skills and training diversity at both a Board and executive level, codes of conduct, audit processes, investor relations programs, risk management and executive remuneration.

The Board’s of GDI Property Group Limited and GDI Funds Management Limited each have common membership, and are collectively referred to as the Board. The Board has adopted a Board Charter which details the composition, values and functions of the Board and those matters delegated to various committees and the executive management team.

GDI is committed to and strives to act honestly and with integrity in all its dealings. The Code of Conduct sets out the values, commitments, ethical standards, and policies of GDI and outlines the standards of conduct expected of GDI’s business and people, taking into account GDI’s legal and other obligations to its stakeholders. The Board and management believe that GDI’s commitment to this code will assist in maintaining the confidence of key stakeholders in GDI’s integrity.

The Nomination and Remuneration Committee (N&RC) is one of two sub-committees of the Board. The N&RC serves two distinct functions:

• performance evaluation processes, Board succession planning; and to assist the Board on remuneration policies and practices for the Board, the Managing Director and executive management team.
• The N&RC is composed of three independent non-executive Directors, Susan Hilliard (Chair), Giles Woodgate and Patria Mann.

The Audit, Risk and Compliance Committee (ARCC) is the second of two sub-committees of the Board. The ARCC assists the Board in carrying out its accounting, auditing and financial reporting requirements, and to oversee the risk and compliance programs of GDI, in particular having oversight of GDI’s compliance with its Compliance Plan and its Australian Financial Services Licence.

The ARCC is composed of three independent non-executive Directors, Patria Mann (Chair), Giles Woodgate and Susan Hilliard.

GDI Property Group has adopted a Securities Trading Policy governing the sale of its securities which is designed to maintain investor confidence in the integrity of GDI Property Group’s internal controls and procedures and to provide guidance on avoiding any breach of the insider trading laws in Australia.

The Board is committed to providing relevant information to Stapled Securityholders about the operations of GDI and to fulfil its duties to comply with its continuous disclosure obligations to the market generally. The Board has adopted a Continuous Disclosure Policy which is designed to ensure compliance with the Listing Rules and continuous disclosure obligations. The Board has also appointed a Disclosure Committee to assist in meeting GDI’s obligations under the Listing Rules.

The Disclosure Committee is responsible for:

• Making making decisions on what information should be disclosed to the market; and Ensuring ensuring disclosure is made in a timely and efficient manner.
• Stapled Securityholders will receive an annual report. Newsletters and updates may also be sent to Stapled Securityholders from time to time and information will be available on the GDI website.

For a copy of the Security holder Communications Policy click here.

The Board has adopted a Diversity Policy which sets out the framework GDI Property Group has in place to achieve appropriate diversity in its Board, senior executive and broader workplace.

Diversity in the context of GDI Property Group’s Diversity Policy covers gender, age, language, ethnicity, cultural background, sexual orientation, religious belief, educational levels, life experience, socio-economic background, personality and marital status and family responsibilities.

The Board and senior management of GDI Property Group (GDI) is committed to respecting the human rights principles outlined in the International Bill of Human Rights (consisting of the Universal Declaration of Human Rights; the International Covenant on Economic, Social, and Cultural Rights; the International Covenant on Civil and Political Rights; and the International Labour Organisation’s Declaration on Fundamental Principles and Rights at Work).

This includes the rights of all individuals, including employees, contractors, tenants, and those in the supply chain.

GDI has long established practices in how it deals with any actual or perceived conflict of interest or related party transactions. These practices have been adopted by the Board as individual policies

Fraud, bribery and corruption in all forms, are behaviours that are contrary to GDI’s values. GDI is committed to preventing fraud, bribery and corrupt conduct throughout the organisation and have developed a Fraud, Bribery and Corruption Prevention Policy as part of its overall risk management framework.

GDI is committed to providing a safe environment for all of our workers. We seek to create a workplace that is an environment free from harassment, discrimination and victimisation by minimising conduct and actions which may lead to behaviour.

GDI is committed to creating and maintaining a culture of corporate compliance and ethical behaviour in which employees are responsible and accountable, behave with honesty and integrity and can raise concerns regarding unethical, unlawful or undesirable conduct without fear of reprisal.

Modern Slavery Statement