Perpetual’s Board and management have a long-standing commitment to good corporate governance. At Perpetual, we take advantage of opportunities to build our social, environmental and financial performance in ways that enhance our core values and business sustainability.
We draw on our people’s experience, knowledge and expertise in investing, governance, financial advice and trusteeship to contribute positively to the community. We focus on activities where we can add the most value to society while minimising our environmental impact.
The board considers that its practices comply and have complied throughout the year with all of the ASX's Corporate Governance Council's Revised Governance Principles and Recommendations.
More details are set out in the Corporate Responsibility Statement.
Best practice in corporate governance continues to evolve. Perpetual's board will keep its policies under regular review to ensure they are in the best interests of shareholders, the market and the wider community. If you require more information regarding Perpetual's policies, please contact email@example.com.
We are committed to doing our part to enrich our community by:
- having the highest standards of corporate governance and business probity
- investing responsibly and encouraging sustainable business practices, and
- contributing time and money to charities which we know have a track record of delivering on their promises.
Some examples of how we are achieving these goals include:
Signatory to the United Nations Principles for Responsible Investment
Perpetual is a signatory to the United Nations Principles for Responsible Investment (PRI) representing a commitment to take environmental, social and governance factors into account in our investment decision-making and ownership practices. PRI is about institutional investors encouraging sustainable business practices, which is aligned to Perpetual’s long-term view.
TAX TRANSPARENCY CODE
On 3 May 2016, the Government announced it was committed to a new voluntary Tax Transparency Code (Code). The Code is to facilitate greater public disclosure of tax information by business.
Perpetual is committed to being transparent about our tax affairs. We have voluntarily adopted the Code and have produced this Tax Report for the year ended 30 June 2017. In addition to the disclosures made in Note 1-4 Income taxes in the consolidated financial statements of Perpetual Limited and its controlled entities for the year ended 30 June 2016, the report details the tax payments made by Perpetual to the Australian (Federal and State) tax authorities during the year and also provides information on our tax strategy and governance policy.
Staff giving program
We actively support a number of charities through our own staff giving program for which we match staff contributions dollar-for-dollar. In addition to monetary donations, Perpetual’s Staff Giving program also encourages employees to volunteer their time to charitable causes.
The Perpetual Foundation
In 1998, we established the Perpetual Foundation (the Foundation), to provide a way for our business, our staff and clients to contribute to improving the lives of others through philanthropy. The Foundation is structured in a way that enables specific endowments to be established in their own name.
Clients can access research and advice to maximise the impact of their distributions to non-profit organisations. The Perpetual Foundation is a suitable vehicle for individuals wishing to leave a legacy for the community via their estate.
The Perpetual Foundation has an Advisory Committee which includes independent representatives. This Committee has oversight of the Foundation’s investment, distribution and fundraising approaches.
Within the Foundation is a Trustees Endowment which aims to support capacity building across the non-profit sector. The Trustees Endowment supports the provision of non-profit research, training, governance workshops and organisational development to help improve the impact of organisations working for the benefit of the community.