XXXX GO VITA GROUP LIMITED CORPORATE GOVERNANCE STATEMENT
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021
Gender and Cultural Diversity Go Vita Group is mindful of gender and cultural diversity. It supports commitment towards creating an inclusive workplace that embraces and promotes diversity. Due to its size, the Company is not considered to be a ‘relevant employer’ under the Workplace Gender Equality Act, however, it does meet the most recent ‘Gender Equality Indicators’, as defined in and published under that Act. As at 30 June 2021, female representation at Go Vita Group was as follows: 64% of the total workforce; 43% of the senior management team; and 29% of the Board. Board Performance Commencing this year, Go Vita Group will annually review the performance of the Board, its committees and individual Directors. This review is either conducted internally facilitated by the Chair or with the assistance of an external expert to gauge how the Company’s governance practices compare to contemporary practice. In addition, the Board includes an assessment of every Board meeting as a standard part of its meeting. PRINCIPLE 3 STRUCTURE THE BOARD TO ADD MEMBER VALUE Go Vita Group has a Board that meets the organisation’s requirements, is of an appropriate size, diversity and composition, and has the skills and commitment to discharge its duties and responsibilities effectively. Board Composition There are currently seven members of the Board, with four Member Directors, two Independent Directors and one Managing Director. In accordance with the Company’s constitution, Member Directors hold the majority of Board positions at all times.
Board Accountability to Members The members/shareholders of Go Vita Group determine who is a Director and the total remuneration paid to the Board. In accordance with the Company’s constitution, the majority of Board Directors are members of Go Vita Group. The experience of all Board members and their attendance at Board and committee meetings is highlighted in the Annual Report. Due Diligence on Board Appointments Prior to a director appointment, the Board ensures that: (a) The appropriate checks, including background and reference checks, are conducted before appointing a person, or putting forward to members a candidate for election as a Director or officer of the Company; and (b) Directors clearly understand the responsibilities and requirements of the role, along with the potential liabilities. The Company provides governance education at least annually to members who have an interest in serving on the Board. Each new prospective Director is provided with all material information in its possession that can assist the candidate and members, relevant to a decision on whether or not to elect or re-elect a Director. Terms of Appointment The Company’s Corporate Governance Charter clearly sets out the duties and obligations of being a Director and the expectations of the role. The constitution determines the length of the appointment to the Board. In the future, written agreements will apply to all Directors on the Board. A written agreement is in place for the CEO and the senior management. Company Secretary The secretary of Go Vita Group is accountable directly to the Board, through the Chair, on all matters to do with the proper functioning of the Board.
GO VITA GROUP LIMITED ANNUAL REPORT 2020-2021 I 37
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