ASX Corporate Governance Principles and Risk Assessment: A Case Study of Ainsworth Game Technology Limited

HI6026 - Audit, Assurance, and
Compliance
1

Executive summary
In the business corporate governance is very important as there are several policies which are
framed by this which helps in the carrying out of the processes in an adequate manner so that the
objectives are achieved. There is the need to company with the requirements of the ASX and for
that, all the principles which are set in this regard are discussed in the report below in context
with the Ainsworth game technology Limited. All the aspects which are involved in this are
considered and with that, the risk assessment has also been carried. In that, there is the risk
analysis which is performed in addition to the overview of the company and its strategies. The
risks that are involved are identified and also the steps that are taken for resolving all of them in
an appropriate manner.
2

Table of Contents
Executive summary.........................................................................................................................2
ASX Corporate Governance Principles...........................................................................................4
Lay solid foundations for management and oversight.................................................................4
Structure the board to add value..................................................................................................4
Act ethically and responsibly.......................................................................................................5
The other policies are also there which deals with the work and health safety and also with the
security of the company...............................................................................................................6
Safeguard integrity in corporate reporting...................................................................................6
Make timely and balanced disclosure..........................................................................................6
Respect the rights of security holders..........................................................................................7
Recognise and manage risk.........................................................................................................7
Remunerate fairly and responsibly..............................................................................................8
Risk assessment...............................................................................................................................9
References......................................................................................................................................11
3

ASX Corporate Governance Principles
Lay solid foundations for management and oversight
The management of the company is to be made in such manner that it is able to manage the
company in such manner by which all the goals and targets which have been set by the company
can be achieved (Orionequities, 2017). For this, it is to be ensured that all the board members are
efficient and are dedicated towards their jobs. For this, the roles and responsibilities of them will
have to be identified on time.
The implication for Ainsworth game technology Limited:
In the company, the main role of the board is to maintain the business in such manner by which
the values of the shareholders are protected and improved. For this, there are several activities
which are to be performed by them and they include financial performance monitoring, approval
of capital expenses and planning in the appropriate manner (Ainsworth game technology limited,
2017). The system is established by the board which helps them in the monitoring of the internal
control and also the other business related aspects such as reporting. All of the responsibilities
are clearly specified in the charter.
Structure the board to add value
In order to ensure that the board will be working in a successful manner, there is the need to have
a proper board and this is the main requirement of this principle. In this, it will have to evaluate
that the size is appropriate and also the members that are involved are skilled and have the
desired qualities by which they will be able to manage the company in best possible manner.
The implication for Ainsworth game technology Limited:
Ainsworth comprises of the system in which the composition of the board is reviewed from time
to time so that its adequacy is maintained. The skills, abilities and the experience of them are
also evaluated under this. The development of the company is assured with the help of the skills
which are possessed by them (Ainsworth game technology limited, 2017). All the members who
are included on the board of the company are as follows:
4