Corporate governance

Auckland Airport’s board of directors is responsible for the corporate governance of the company. This is in line with internationally accepted best practice principles and standards and it is appropriate to the company's business, taking into account its listing on the New Zealand (NZX) and the Australian (ASX) stock exchanges.

 

The board has reviewed the company's corporate governance practices, as a result of two key reports: 

• The "ASX Corporate Governance Council Principles of Good Corporate Governance and Best Practice Recommendations" (NZX Code)
• The "Corporate Governance in New Zealand - Principles and Guidelines", released by the New Zealand Securities Commission

 

The company has implemented changes to existing corporate governance structures to comply with the above organisations’ requirements. Where the corporate governance principles of these organisations vary, the directors have adopted practices they consider to be the most appropriate.

The ASX Principles set out 10 fundamental principles of good corporate governance, and Auckland Airport’s annual report “corporate governance” section is structured to reflect our compliance with these principles. Our objective is to maximise transparency of the company's corporate governance practices for our shareholders and other stakeholders.

The following corporate governance documents satisfy the requirements of each of the three regulators and also reflect international best practice for Auckland Airport:

• Constitution of Auckland Airport
• Board charter 

 

Board Committee Charters

• Audit and risk management charter (84KB Acrobat PDF)
• Nominations committee charter (46KB Acrobat PDF)
• Remuneration committee charter (52KB Acrobat PDF)
• Membership of the board and board committees (20KB PDF)

 

Core Corporate Governance Policies

• Board nominations policy (34KB Acrobat PDF)
• Director remuneration policy (37KB Acrobat PDF)
• Disclosure and communications policy (70KB Acrobat PDF)
• Ethics policy and code of conduct (77KB Acrobat PDF)
• External audit independence policy (58KB Acrobat PDF)
• Risk management policy (34KB Acrobat PDF)
• Share - insider trading policy (50KB Acrobat PDF)
• Letter of appointment of non-executive director (72KB Acrobat PDF)

 

The board of directors regularly reviews these documents