23Corporate governance guidelines

23 Corporate governance guidelines

23 Corporate governance guidelines

(1) The Treasurer may determine and notify to a Board guidelines (corporate governance guidelines) containing recommendations designed to assist the Board to minimise risks concerning corporate governance and to optimise performance and accountability of the Board.

(2) Without limitation, corporate governance guidelines may include recommendations as to the duties of Board members in connection with the following aspects of corporate governance, performance and accountability—

(a) requirements for a Board Charter and Code of Conduct,

(b) the need for and role of committees of the Board,

(c) independence and conflicts of interest of Board members,

(d) provision of information to Board members,

(e) evaluation of the performance of the Board and Board members.

(3) The members of the Board are to have regard to any corporate governance guidelines under this section in the exercise of their functions.

(4) This section does not limit the other requirements of this Part.