Telstra 2010 Annual Report Download - page 59

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Telstra Corporation Limited and controlled entities
Corporate Governance Statement
In fiscal 2010, we updated Telstra’s flexible work
policies, requiring managers to consider all requests for
flexible work, respond within a specified period and
provide written advice of a refusal with clear reasons.
Telstra’s policy states that we will support flexible
working arrangements unless the manager can show
that a significant negative business impact will result
from the arrangement. These amendments have been
extended beyond the minimum requirements of the
National Employment Standards to include all types of
requests for flexible work arrangements.
Further information regarding diversity and inclusion at
Telstra, in particular in relation to our initiatives to
manage diversity and promote inclusion in the areas of
Indigenous, disability, sexual orientation and gender
identity, can be found in our Corporate Citizenship
Report which is available on our website
www.telstra.com.au/cr.
Compliance with the ASX Principles and
Recommendations
The table below is provided to facilitate your
understanding of Telstra's compliance with the ASX
Principles and Recommendations.
Recommendation Please refer to the following sections of the
Corporate Governance Statement
Recommendation 1.1:
Companies should establish the functions reserved to the board
and those delegated to senior executives and disclose those
functions.
3See “Role and Responsibilities of the Board”.
See also the Board Charter including Appendix 1
which is available on our website.
Recommendation 1.2:
Companies should disclose the process for evaluating the
performance of senior executives.
3See the Remuneration Report (in particular, page
62) which forms part of the Directors’ Report.
Recommendation 2.1:
A majority of the board should be independent directors.
3See “Director Independence”.
Recommendation 2.2:
The chair should be an independent director.
3See “Role of the Chairman".
Recommendation 2.3:
The roles of chair and chief executive officer should not be
exercised by the same individual.
3See “Role of the Chairman".
Recommendation 2.4:
The board should establish a nomination committee.
3See “Nomination Committee”.
See also the Nomination Committee Charter which
is available on our website.
Recommendation 2.5:
Companies should disclose the process for evaluating the
performance of the board, its committees and individual
directors.
3See “Performance Evaluation”.
Recommendation 3.1:
Companies should establish a code of conduct and disclose the
code or a summary of the code as to:
• The practices necessary to maintain confidence in the
company’s integrity;
• The practices necessary to take into account their legal
obligations and the reasonable expectations of their
stakeholders; and
• The responsibility and accountability of individuals for
reporting and investigating reports of unethical
practices.
3See “Telstra Values, Telstra Business Principles,
Code of Conduct and Other Company Policies”.
See also the Telstra Business Principles and Code of
Conduct which are available on our website.
Recommendation 3.2:
Companies should establish a policy concerning trading in
company securities by directors, senior executives and
employees, and disclose the policy or a summary of that policy.
3See “Share Trading”.
Recommendation 4.1:
The board should establish an audit committee.
3See “Audit Committee”.