This statement reflects the key aspects of The Wattyl Groups’ corporate governance framework. The Board has consistently placed great importance on the governance of the Group, which it believes is vital to the well-being of the company.

The Board has adopted a comprehensive framework of Corporate Governance Guidelines which are designed to properly balance performance and conformance and thereby allow the Group to undertake, in an effective manner, the prudent risk-taking activities which are the basis of its business.

The Guidelines and the practices of the Group comply with the revised ‘Corporate Governance Principles and Recommendations’ published in August 2007 by the Australian Securities Exchange (ASX) Limited’s Corporate Governance Council. 

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