Corporate Governance PhilosophyOur corporate governance is embedded in the process by which BLC is directed and managed. It is a fundamental element of the way the company sets and achieves its objectives, how it assesses and monitors its risks and how it ensures it achieves the right objectives. As part of a balanced approach we insist on accountability with responsibility, identification and measurement of operating risks, control systems which monitor actions in line with policy and processes.
We review our governance systems regularly. Our Compliance Officer controls regular internal audit on processes and confirms they continue to meet best practice.
Board of Directors
BLC is a private company. The Board comprises of well experienced directors whose interests align with best company outcomes.
Our Committees
In addition to the Board the company has appointed a Governance Committee, a Compliance Committee and an Audit and Risk Committee. Each Committee reports directly to the Board.
AFSL Requirements
BLC holds an Australian Financial Services License which permits it to provide a wide range of financial services to wholesale and sophisticated clients. We are required to meet net tangible asset and prudential cover tests.
We maintain separate, appropriate professional indemnity and fraud insurance.
We have a complaints handling system which meets relevant standards and ASIC policy.
Related Party Transactions
We insist every transaction we engage in is on an arm’s length basis.
Any transaction involving a related party is recorded in BLC’s related party dealings register.
Policies and Procedures
BLC complies with all requirements of ASIC, the national regulator, regarding its policies and procedures.
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