Iluka is committed to being transparent, behaving ethically and conducting its business in accordance with the highest standards of corporate governance through its systems and processes.

Our leadership

Iluka’s Board is comprised of seven independent, non-executive Directors and one executive Director (the Managing Director).

Our Board is responsible for the overall corporate governance of Iluka including approving and overseeing our strategic direction, strategies and financial objectives, assessing the performance of management and reporting on business and sustainability performance. The Directors review the company's sustainability performance at each Board meeting.

The Board has a corporate governance framework which complies with the Australian Securities Exchange Corporate Governance Principles and Recommendations (Fourth Edition) and encompasses policies, procedures and charters. The framework is reviewed regularly and revised in response to changes in law, developments in corporate governance and changes to our business. For further details on the focus and activities during 2019 refer to Iluka’s Corporate Governance Statement 2019, which is available on the company’s website www.iluka.com.

Our Board Charter was revised in 2019 to stipulate the requirement for the Board to conduct an annual review of climate-related risks and approve climate-related disclosures. It also stipulates the Board’s duties which extends to measuring and reviewing Iluka’s performance against climate change and sustainability targets.

 

The Board has three established committees: Audit and Risk Committee; Nominations and Governance Committee; and the People and Performance Committee.

Iluka also has a stand-alone Executive Sustainability Committee attended by all executives and chaired by the General Manager – People and Sustainability. This forum met three times in 2019 with key focus areas including:

  • health, safety and environmental performance and management;
  • climate change resilience; and
  • social investment, community engagement and modern slavery programme progress.
Performance incentive payments for employees include sustainability related performance targets. The targets are reviewed and set annually, derived from a combination of accepted industry practice and consideration of what targets will incentivise and reward continual improvement in performance. For further details refer to the Remuneration Report on page 56 of the 2019 Annual Report.

 
 
Policies

Iluka's sustainability framework is underpinned by a series of policies that guide behaviour and business practice within the company.

Learn more about Governance and integrity below 
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