Telstra 2011 Annual Report Download - page 52

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Telstra Corporation Limited and controlled entities
Corporate Governance Statement
Corporate Governance & Board Practices 2011
Your Board is committed to excellence in corporate governance and enhancing our shareholders’
interests.
Good corporate governance is the hallmark of successful companies – it adds value to the Company through
efficient oversight and risk management, while encouraging innovation and entrepreneurship within the Company.
As one of Australia’s largest companies, with one of the largest diversified shareholder bases, your Board firmly
believes that striving for excellence in corporate governance plays a major part in the Company’s continuing
success.
We continue to refine and improve our corporate governance systems. The Board evaluates and, where
appropriate, implements relevant proposals with the aim of ensuring that we continue to demonstrate our
commitment to good corporate governance, having regard to developments in market practice expectations and
regulation.
We comply with the ASX Corporate Governance Principles and Recommendations (ASX Principles and
Recommendations), and the disclosures set out in this statement reflect the current content of the Board and Board
Committee Charters and company policies.
On 30 June 2010, the ASX Corporate Governance Council released amendments to the ASX Principles and
Recommendations (Amended ASX Principles and Recommendations), in particular in relation to diversity. While
the changes do not take effect until the first financial year beginning on or after 1 January 2011 (being the financial
year commencing 1 July 2011 in our case), Telstra has taken steps to early adopt key provisions of the Amended
ASX Principles and Recommendations as outlined in this statement.
Further information regarding our corporate governance and Board practices, including copies of our Charters and
key policies, can be found on our website at www.telstra.com/abouttelstra/corp/governance/index.cfm.