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2019 ESG report: Our governance

QIC’s active board, committees and tailored policies and standards provide the perspective and structure for efficiency and integrity in corporate governance.

Our governance and accountability measures are well-designed to ensure these structures perform their duties to responsibly further our objectives and targets.

QIC has a corporate structure with clearly drawn lines of accountability and delegations of authority. Adherence to QIC’s policies and standards, including the Code of Conduct and Ethics, is required at all times, and the Board actively promotes a culture of risk awareness, quality and integrity.

Our staff are required to observe a high level of professional conduct when undertaking their business activities and respecting our core values of passion, engagement, innovation, excellence and achievement.

Corporate Governance and Risk Management

We place considerable importance on effective risk management, and have adopted a formal Governance, Risk Management and Compliance (GRC) framework designed to proactively identify, assess and manage risk.

We apply a ‘three lines of defence’ approach to managing risks and compliance obligations. This forms part of QIC’s broader Governance, Risk and Compliance Framework, which includes relevant Board committees, Executives, investment teams, the Risk, Governance and Tax (RGT) division and audit function.

QIC’s ‘Three Lines of Defence’

3 Lines of Defence 

QIC Policies and Executive Standards

Policies Standards 

More information on QIC’s governance framework is available here.

Underlying this corporate governance framework, QIC has a robust internal framework designed to provide the rigour and challenge required to deliver the performance expectations of our clients.

QIC GRE Governance Forums

Within QIC GRE, we take careful consideration of the governance forums in place to ensure they are aligned with QIC forums and objectives, and provide robust oversight of our business.

QIC GRE Cross-Functional Meeting Structure

 

Anti-Competitive Behaviour

QIC GRE has not been subject to any legal actions on anti-competitive behaviour during 2019. 

Non-Compliance With Laws

QICGRE has not been subject to any non-compliance laws or regulations during 2019.

Ethics and Integrity

At QIC, we believe it is the responsibility of all staff to ensure their personal conduct and behaviour is at all times professional, ethical and lawful.

We maintain a corporate Code of Conduct and Ethics policy which all staff are required to review and acknowledge on an annual basis.

QIC’s Code of Conduct and Ethics is a broad framework of the required behaviours which apply to everyone who works at QIC.

QIC's Code of Conduct and Ethics

Report Contact

To find out more about environmental, social and governance (ESG) work at QIC, contact:

Michael Maranta
National Sustainability Manager
(07) 3360 3800

Send us an email

Next section: Our people

We continue to focus on maintaining an environment that helps support and further develop our most important asset, our people. We recognise that investing in our people is vitally important to produce high performing teams that can deliver outstanding outcomes for our clients and shareholder.

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ESG 2019