Corporate Governance
Prime Financial Group Ltd (formerly AVFM Limited) (“The Company”) is committed to implementing the highest standards of corporate governance, on a pragmatic basis, whereby shareholders’ interests are paramount. The Company has reviewed the ASX Corporate Governance Council’s Principles of Good Corporate Governance and Best Practice Recommendations (“ASX Recommendations”) and has implemented practices largely consistent with those ASX guidelines, with due regard to the current size and nature of the Company’s operations and also the practical economic interests of its shareholders.
The Company implemented an initial governance policy/code of conduct on 1 December 2004, in anticipation of the re-listing of the Company, which occurred on 7 December 2004. Following the merger between the Company and Prime Financial Group Ltd (now Prime Development Fund Ltd), the Board has revised that initial policy to reflect the Company’s new scope of operations and increased executive and management personnel.
