Our corporate governance practices are outlined in our Corporate governance statement.
Read the Corporate governance statement (DOC, 43KB)
Code of Business Conduct and Ethics
The MLA Code of Business Conduct and Ethics embodies our values and provides guidelines to ensure MLA:
- acts with openness, integrity and fairness
- protects MLA’s business and uses MLA’s assets appropriately
- protects confidential information
- acts responsibly with regard to individuals, safety, health and the environment
- avoids conflicts of interest
- acts responsibly with respect to members, stakeholders, customers, suppliers, competitors, the community and others
- complies with the law in all the jurisdictions in which MLA operates
All MLA management and employees are required to confirm their knowledge of and compliance with the code annually.
Read the MLA Code of Business Conduct and Ethics (PDF, 156KB)
Board Charter
The Board Charter sets out the duties of the board.
Read the Board Charter (DOC, 69KB)
Audit Committee Charter
An Audit Committee comprising non-executive directors assists the board with:
- financial reporting
- internal control structure
- risk management
- appointing, assessing and ensuring the independence of external auditors and internal audit functions
- receiving complaints in relation to controls and accounting matters
- receiving reports in connection with breaches of the Corporations Act
Read the Audit Committee Charter (DOC, 48KB)
Remuneration Committee Charter
A Remuneration Committee, comprising three non-executive directors, reviews procedures for establishing compensation levels for all staff.
Read the Remuneration Committee Charter (DOC, 31KB)
Membership Committee Charter
A Membership Committee, comprising three non-executive directors, assists the Board in reviewing applications for membership and making recommendations on the management of the membership program. Membership Committee Charter (DOC, 26KB)
Selection Committee Charter
A board Selection Committee endorses candidates for election to the board based on skills, experience and industry knowledge. The Selection Committee comprises:
- three members elected by producers
- three members appointed by peak councils
- three MLA directors
Read the Selection Committee Charter (DOC, 39KB)
Encouraging board performance
Each year, the board’s performance is evaluated through:
- self-assessment
- peer review
- individual assessment by the chairman
Directors are also interviewed by an external advisor and feedback is provide to the individual director, the chairman and the board as a whole.
New directors are given an induction and the board has access to continuing education in relation to board responsibilities, as well as to independent advice.