The framework and policies which govern how we operate
Our governance approach
Dexus prides itself in ensuring the highest standard of corporate governance and is focused on fostering a culture of ethical conduct and best practice.
Dexus Funds Management Limited (DXFM) is the Responsible Entity of each of the four trusts that comprise Dexus and is also responsible for management of the group's third party capital partner investments. To maintain best practice corporate governance across its funds and mandates, the Board has established a corporate governance framework to apply to these funds, capital partner investments. Each year we review our policies and practices in accordance with best practice and the latest edition of the ASX Corporate Governance Council’s principles and recommendations.
Corporate Governance Statement
This Corporate Governance Statement was approved by the Board on 13 August 2019.
It includes a reconciliation of the ASX Corporate Governance Principles & Recommendations - Third Edition (ASX Principles) against Dexus’s governance framework which discloses how Dexus met each of the ASX Principles during the financial year ended 30 June 2019 (reporting period).
Corporate Governance Statement
Appendix 4G - Key to Disclosures Corporate Governance Council Principles and Recommendations
Our governance framework
The Board implements a corporate governance framework that applies to all DXFM funds, the Dexus Wholesale Property Fund (DWPF), the Healthcare Wholesale Property Fund (HWPF), capital partner investments and mandates.
Key documentation that outline our corporate governance framework, including Terms of References, Committee & Corporate structures and relevant policies, can be downloaded here:
- Auditor Independence Policy
- Biodiversity Policy
- Board Membership Policy
- Competition and Consumer Act Policy
- Continuous Disclosure Policy
- Directors Code of Conduct
- Diversity Target
- DXS Pricing Policy
- Employee Code of Conduct Policy
- Environmental Policy and Statement
- Fraud, Corruption and Bribery Policy
- Human Rights Policy
- Inclusion and Diversity Policy
- Investor Communications Policy
- Performance Evaluation
- Risk Management Policy
- Securities Trading (including inside information)
- Selection and Appointment of External Auditors Policy
- Selection and Appointment of Non-Executive Directors
- Sustainable Procurement Policy and Supplier Code of Conduct
- Whistleblower Policy
- Work Health Safety and Liability Statement Policy
- Workplace Behaviour Policy
Modern Slavery Act
The Australian Government has passed the Modern Slavery Act 2018 (the Act), which subsequently came into effect on 1 January 2019. Together with other businesses generating over $100 million in revenue, Dexus will be required to publish a modern slavery statement to disclose modern slavery risks present in our operations and supply chain, actions undertaken to address these risks, and how we are assessing the effectiveness of our actions. Our first modern slavery statement prepared under the Act is required to be published after the close of FY20, and no later than December 2020.
We recognise that every person has the right to live a life that is free from fear, harassment and discrimination, and that everyone is entitled to a universal set of human rights. As a signatory to the United Nations Global Compact, we are publicly committed to respecting and supporting human rights in line with international standards.
Dexus has established an internal modern slavery working group, which has reviewed our approach to addressing human rights risks in our supply chain and maintained workstreams focused on engaging with operational, development and corporate suppliers.
Since early 2018, Dexus has been one of 15 members of the Property Council of Australia who have been working together on a common modern slavery due diligence questionnaire for our suppliers. A common approach will reduce the reporting burden on our suppliers and reduce compliance costs for Dexus and other pilot organisations. The questionnaire is expected to be implemented in early FY20 and will require our suppliers to provide information on their labour management practices.
For further information on Dexus’s approach to addressing modern slavery contact firstname.lastname@example.org
Dexus Funds Management Limited (DXFM) is the Responsible Entity of each of the four trusts that comprise Dexus and the Constitution of each trust is provided below: