On this page
- Corporate Governance Statement
- Constitution
- The Board and its committees
- Ethical responsibilities
- Corporate directory
Meeting our obligations and responsibilities
We are committed to sound governance practices that meet the expectations of our customers, shareholders and other stakeholders.
Corporate Governance Statement
Our governance practices for the year ended 30 June 2023 are outlined in the 2023 Corporate Governance Statement (extracted from the 2023 Annual Report). Our practices are aligned with the 4th edition of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations.
Our Constitution sets out the principles and rules that we operate to, including the conduct of directors' meetings and general meetings.
The Board and its committees
The Board’s roles and responsibilities are set out in our Board Charter. It outlines how we are governed including Board roles and responsibilities, membership and operations, and decision-making structures.
Five standing committees comprising non-executive directors support the Board’s performance of its responsibilities. Current committee memberships are set out below.
| |
Audit Committee |
Risk Management Committee |
People & Remuneration Committee |
Investment & Capital Committee |
Nomination Committee |
Mike Wilkins
(Board Chair) |
|
|
x |
x |
x Chair |
| Tracey Batten |
|
x |
x Chair |
|
x |
| Gerard Dalbosco |
x Chair |
x |
|
|
x |
| Peter Everingham |
x |
|
x |
|
|
| David Fagan |
x |
x Chair |
|
|
x |
| Kathryn Fagg |
x |
|
x |
|
|
| Linda Nicholls |
|
x |
|
x Chair |
x |
Committee charters
Each committee's charter includes its purpose, role, membership, meetings and performance evaluation process.
We have zero tolerance for bribery and corruption. The Anti-Bribery & Corruption Policy describes conduct that is prohibited for directors, employees and contractors when conducting business on behalf of Medibank, and how breaches can be reported.
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Our Code of Conduct sets out the way we work at Medibank and the practical principles and minimum standards of behaviour and conduct that are expected. It applies to our interactions with everyone we encounter, whether we are at work or outside of work.
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Our Better Health for Better Lives purpose is also backed by values that guide the way we interact with each other, the decisions we make and the way we serve our customers.
We are proud of our diverse and inclusive culture that celebrates differences in every form. The Diversity and Inclusion Policy sets out how we support an inclusive environment that embraces individuality and recognises the benefits that these differences make.
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We recognise the impacts of climate change on the health of our customers, our people and the community. The Environmental Policy outlines Medibank’s commitment to reducing the environmental impact of our operations, and the role of the business, employees and our suppliers in ensuring sound environmental management practices.
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We take the health, safety and wellbeing of our people seriously. The Health, Safety and Wellbeing Policy sets our commitment to create a working environment that is healthy, safe and supports our people’s wellbeing.
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We are committed to respecting human rights and ensuring respect and equality for our customers, employees, communities and suppliers. The Human Rights Policy sets out the commitments and guiding principles we apply to managing human rights issues across our business.
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We take our continuous disclosure obligations and commitment to effective communication with shareholders seriously. The Disclosure and Communication Policy details the corporate governance measures we have adopted to meet these obligations and commitments.
The Board-established Disclosure Committee is responsible for considering disclosures of potentially market-sensitive information and providing assurance to the Board. The Disclosure Committee Charter is set out in Annexure 1 of the Disclosure and Communication Policy.
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We believe in promoting responsible business practices among companies and entities within our investment portfolios. The Responsible Investment Policy outlines how we consider Environmental, Social and Governance (ESG) factors in our investment decisions.
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The Share Trading Policy describes restrictions on buying and selling Medibank shares for the Board, executive directors, senior executives and other Medibank employees.
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We are committed to a culture where our people are encouraged to speak up if something doesn’t look right, and to support them when they do. The Whistleblower Policy establishes what is reportable conduct, how to contact Medibank Alert, and the protections available to whistleblowers.
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Company name: Medibank Private Limited
Registered Office: Level 6, 720 Bourke St, Docklands, 3008
General Counsel and Company Secretary: Mei Ramsay
ACN: 080 890 259
ABN: 47 080 890 259
Auditors: PricewaterhouseCoopers
Bankers: Westpac Banking Corporation
Contact details: ask_us@medibank.com.au