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Concise Annual Report : Concise Annual Report 2012
CONCISE ANNUAL REPORT 2012 23 17. Responsible Gambling The Tabcorp Group takes a leadership position in the responsible delivery of its gambling products and support for customers. The Tabcorp Group was one of the first Australian gambling companies to launch a voluntary Responsible Gambling Code of Practice in 2001. Tabcorp's Responsible Gambling Code of Practice set common standards for the responsible delivery of gambling products for all of the Group's gambling operations and venue facilities. Compliance with the Code was independently reviewed by KPMG each year. Australian State governments regulate the gambling industry, and are increasingly moving towards mandated responsible gambling codes that have varying requirements. In light of this development, the Tabcorp Group decided in 2008 to gradually replace its Group-wide Code with a specific code for each of its businesses. The evolution from a Group-wide Code to individual codes has enabled the Tabcorp Group to maintain its compliance with the specific requirements of State governments. The codes are specific to each business and are therefore more responsive to individual gambler's circumstances. The Tabcorp Group will continue to refine its responsible gambling practices and its codes to strengthen its commitment to customer care. The Tabcorp Group has an Employee Gambling Policy which was updated in July 2012. Directors, employees and contractors may not gamble whilst on duty, whether on Tabcorp's gambling products or those of another operator. Limited exemptions apply, which require written authorisation. Gambling off duty is subject to specific restrictions which apply to Directors, executives and direct reports to executives, and other groups according to the nature of their work. Further details about the Tabcorp Group's commitment to responsible gambling are available on page 8 of this report and on Tabcorp's website. Tabcorp's Responsible Gambling Codes are available from the Responsible Gambling section of Tabcorp's website at www.tabcorp.com.au/responsible.aspx. ; ASX CGC's Recommendations 3.1, 3.3 18. Diversity Tabcorp has adopted a Diversity Policy in relation to diversity of the Board and senior management within the Tabcorp Group. The Board Nomination Committee is responsible for overseeing the policy, monitoring Tabcorp's diversity strategy and reviewing progress against measurable objectives established to achieve Tabcorp's diversity goals. The Board has set an objective to have by 2015 at least 33% female representation in senior management roles, which comprises the Senior Executive Leadership team (Chief Executive Officer and direct reports) and the Senior Management Team (direct reports to the Senior Executive Leadership Team, and their direct reports). As at 30 June 2012, the proportion of women employees across the Tabcorp Group was: ■ 33% of the Board of Directors (following the commencement of Steven Gregg as a Director on 18 July 2012, the Board comprises 29% female Directors); ■ 30% of the Senior Executive Leadership Team; ■ 31% of the combined Senior Executive Leadership Team and Senior Management Team; and ■ 49% of the entire Tabcorp Group. Tabcorp's Diversity Policy is available from the corporate governance section of Tabcorp's website at www.tabcorp.com.au/about_governance.aspx. ; ASX CGC's Recommendations 3.2, 3.3, 3.4, 3.5 19. Securities trading policy Tabcorp has a policy regarding trading in Tabcorp securities which applies to all Directors, employees and contractors. This policy also extends to any person or entity, which may in the circumstances be reasonably associated with the Tabcorp Group or any Director, employee or contractor (for example a spouse, dependent children, family trust, family company or joint venture partner). Directors, executives reporting directly to the Managing Director and Chief Executive Officer ("Executives"), all direct reports to those Executives ("Executive Direct Reports"), and their associates are not permitted to trade in Tabcorp's securities during Blackout Periods and subject to the processes set out in the policy. The applicable Blackout Periods: ■ commence on 1 January and end on the day Tabcorp announces its half year results (ASX Appendix 4D) inclusively; ■ commence on 1 July and end on the day Tabcorp announces its preliminary final year results (ASX Appendix 4E) inclusively. The Tabcorp Board, Chairman, Chief Executive Officer or Company Secretary may also decide other Blackout Periods at any time. Approval for trading in a Blackout Period or within 12 months of acquisition will only be granted in exceptional circumstances and where the trade is the only reasonable course of action available. The nature of exceptional circumstances and the approval process to be followed are set out in the policy. Directors are required to obtain written approval from the Chairman prior to a Director or an associate of a Director trading in Tabcorp securities. In the case of a proposed trade by the Chairman or their associate, approval is required from the Chairman of the Audit, Risk and Compliance Committee.
Concise Annual Report 2013