Corporate governance
Overview
Corporate governance is about promoting fairness, transparency and accountability by setting out the rights and responsibilities of the Board, management and shareholders.
Operating principles and policies
Includes our conflicts of interest policy as well, rules around insider trading, market disclosure, privacy, hedging and many other core operating principles and policies.
Sourcing
Sourcing provides a full range of procurement services which assist business units in meeting their objectives. Our suppliers are important to the success of the Westpac Group. 'Suppliers Feedback Survey 2010' being launched provides valuable feedback that helps us strengthen our relationship with them.
Anti-money laundering and counter-terrorism financing
The Westpac Group aims to prevent, detect and not knowingly facilitate money laundering and terrorism financing. Westpac does this to protect the Group's reputation, to comply with relevant laws and to be a good corporate citizen.
Sanctions Policy
The Westpac Group aims to ensure compliance with Economic and Trade Sanctions not simply because we are required to but because it is the right thing to do for our organisation and for our customers.
Risk management
Effective risk management requires taking an integrated and balanced approach to risk and reward, and helps us to both optimise financial growth opportunities and mitigate potential loss or damage.
Constitution and the Board
Westpac's Board is guided by several policies and various legislative requirements, including our Corporate Governance Statement, the Australian Shareholders Association, the Board Audit committee, the company's constitution as well as other governing edicts.
Accessibility
Our products and services are designed to ensure all our customers have equal access.
