Faster Enterprises Limited's (Faster or the Company) Board of Directors (the Board) is
responsible for the corporate governance of the Company and its controlled entities.
Corporate governance is a matter of significant importance to the Company and is
undertaken with due regard to all of Faster's stakeholders and its role in the community.
The Board and its Corporate Governance Committee draw on relevant best practice
principles, particularly those issued by the ASX Corporate Governance Council's third
edition of the publication, "Corporate Governance Principles and Recommendations", which
was released in March 2014 and is referred to for guidance purposes (the Fourth Edition
released on 27 February 2019, takes effect on/after 2020). Unless explicitly stated
othenruise, the Directors believe that the company complies with the major principles and
recommendations of the ASX with the exception that there may be some instances where
compliance is not practicable for a company of Faster's size.
The Board has approved and adopted policies and charters with which Directors and
management are required to comply, and which contain the information recommended by
the ASX. These policies and charters are contained in the Company's Corporate
Governance Manual. Faster sets out below the Company's position relative to each of the
eight principles contained in the ASX Corporate Governance Council's report.