The ASX Corporate Governance Council’s Principles of Good Corporate Governance and Best Practice Recommendations was released in March 2003. EGL agrees with the spirit of these Guidelines and has made it a priority to comply where appropriate for a company of our size and resources.

EGL's approach to governance as a listed company reflects the same central theme that underlies our approach to maintaining the integrity of our markets: that is, the commitment to disclosure. We believe disclosure is the best tool, both to equip investors with the information they need in judging the suitability of an investment and to equip companies with the flexibility to carry out their business in the best possible way.

Following the release of the ASX Corporate Governance Council’s and Best Practice Recommendations, EGL rigorously and constructively reviewed its governance practices. The result has been that we have codified many of EGL’ s existing and long-standing practices into formal policies and procedures; and we have made changes to our policies and practices where appropriate.

The following summarises our practices following this review. It is structured along the same lines as the Council's guidelines, with sections dealing in turn with each of the Council's ten corporate governance principles. The various codes, policies and charters referred to in the corporate governance statement are all posted on this site. EGL will keep its corporate governance practices under review.

1.	Lay solid foundations for management and oversight Recognise and publish respective roles and responsibilities of board and management.
2.	Structure the board to add value Have a board of an effective composition, size and commitment to adequately discharge its responsibilities and duties.
3.	Promote ethical and responsible decision-making Actively promote ethical and responsible decision-making.
4.	Safeguard integrity in financial reporting Having a structure to independently verify and safeguard the integrity of the company’s financial reporting.
5.	Make timely and balanced disclosure Promote timely and balanced disclosure of all material matters.
6.	Respect the rights of shareholders Respect the rights of shareholders and facilitate the effective exercise of those rights.
7.	Recognise and manage risk Establish a sound system of risk oversight and management internal control.
8.	Encourage enhanced performance Fairly review and actively encourage enhanced board and management effectiveness.
9.	Remunerate fairly and responsibly Ensure that the level and composition of remuneration is sufficient and reasonable and that its relationship to corporate and individual performance is defined.
10.	Recognise the legitimate interest of stakeholders Recognise legal and other obligations to all legitimate stakeholders.
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