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Author Topic: 7. Who decided non-compliant NGR trains could be used?  (Read 2012 times)

Online ozbob

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7. Who decided non-compliant NGR trains could be used?
« on: May 12, 2018, 07:10:53 AM »
Who decided that new non compliant trains could be used on the network without the protection of an exemption? Did the Queensland Rail Board approve of this action?
« Last Edit: May 12, 2018, 07:16:54 AM by ozbob »
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Online ozbob

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Re: 7. Who decided non-compliant NGR trains could be used?
« Reply #1 on: May 14, 2018, 11:55:07 AM »
" The Queensland Rail Board has adopted the principles and recommendations set out in the Corporate Governance Guidelines for Government Owned Corporations. The Guidelines provide a framework for Queensland Rail to develop, implement, review and report on its corporate governance arrangements. "

https://www.queenslandrail.com.au/aboutus/governance
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Online ozbob

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Re: 7. Who decided non-compliant NGR trains could be used?
« Reply #2 on: May 14, 2018, 11:55:38 AM »
Corporate Governance Guidelines for Government Owned Corporations

> https://www.treasury.qld.gov.au/resource/corporate-governance-guidelines-government-owned-corporations/

https://s3.treasury.qld.gov.au/files/corporate-governance-guidelines.pdf

Quote
Principle 3 Promote ethical and responsible decision-making

Recommendations

• Establish and disclose a code of conduct outlining the practices necessary to
maintain confidence in the company’s integrity and to guide compliance with legal
and other obligations to stakeholders.
.
• Establish and disclose the policy for trading in securities by directors, officers and
employees.

• Establish the code of conduct in line with the best practice guide provided in

Appendix A.

Commentary

GOC boards and senior executives must observe the highest standards of ethical behaviour.
The GOC should clarify the standards of ethical behaviour required and monitor and enforce
observance of those standards.

GOCs have a number of stakeholders in addition to their shareholders to which they owe
legal and other obligations. These include employees, clients and customers and the
community as a whole. It is important for GOCs to demonstrate their commitment to
appropriate corporate practices that recognise these interests and to corporate social
responsibility in general.

This may be implemented through a code of conduct or appropriate alternative means such
as policy and procedures documents. The code of conduct should deal with ethical matters
as well as legal compliance.
The code should reflect the significant public responsibility and
high standards of conduct that GOCs should have as publicly owned enterprises.

The code of conduct could be a separate code for directors and executives or included as
part of the corporate code of conduct.

The code should provide guidance as to the practices necessary to maintain confidence in
the GOC’s integrity, and the responsibility and accountability of individuals for reporting and
investigating reports of unethical practices. The code should give clear guidance as to the
expected conduct of directors, senior executives and employees and must give
consideration to the elements of the best practice guide as per Appendix A. It is also
considered to be good practice for the code to be developed with the participation of
employees and stakeholders. It should be fully supported and implemented by the board
and senior executives.

Question for Queensland Rail.  Is there a Code of Conduct for the Board and can we please have a copy?
« Last Edit: May 14, 2018, 12:10:24 PM by ozbob »
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Online ozbob

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Re: 7. Who decided non-compliant NGR trains could be used?
« Reply #3 on: May 14, 2018, 12:16:15 PM »
https://www.queenslandrail.com.au/aboutus/governance

Queensland Rail Board Charter
https://www.queenslandrail.com.au/about%20us/Documents/1.%20Board%20Charter%20%28171214%29%28FINAL%29.pdf

Quote
2.3 In exercising its functions and powers as set out in this Charter, the Board will at all
times recognise its overriding responsibility to:
(a) maintain and encourage good corporate governance standards;
(b) act honestly, fairly and diligently;
(c) act in accordance with laws and regulations;
(d) avoid or manage conflicts of interest;
(e) promote Queensland Rail as a good corporate citizen; and
(f) achieve and maintain community respect
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