The Board of Directors of UMACO Australia Pty Limited is responsible for the corporate governance of the Company. The Board guides and monitors the business and affairs of UMACO on behalf of the shareholders to whom they are accountable. The Board aims to develop strategic objectives for the Company. These are regularly reviewed, and monitored against performance criteria. The overriding objective is to provide an acceptable rate of return to the shareholders of the Company, taking into account the interests of all relevant stakeholders, including its employees and the communities in which it operates.
The Board believes in sound corporate policies and practices, and a commitment to ethical business practices, to benefit the Company and constitute a structure that allows the Company to grow in a healthy and efficient manner.