The Safety Governance Principle® goal is to embed the culture and practice of safety governance within the marketplace.
It is to encourage a culture of ethical and legal responsibility and accountability for an organisations’ inputs and outputs within their marketplace activities and their impacts on providing a safe outcome of the work they conduct.
Adopting the Principles brings the following benefits to organisations of all kinds:
- Provides a common framework. The Principles are the international best practice for how to achieve effective safety governance. They aim to ensure consistency and ambition within and across different countries, as well as signalling that an organisation is committed to achieving the highest international standards.
- Supports organisations implementing safety governance excellence. Adopting the Principles is a statement that an organisation seeks to be open and responsive to its stakeholders.
- Creates a place for high level commitments for safety governance in the marketplace.
- The Principles work with organisations, to build support and provide consistency around safety governance policies.
- Adopting the Principles is a straightforward process, with organisations making a high level commitment to the principles and sharing how they intend to implement the Principles.
Aligned to Existing International Codes
ASX Principles
This approach ensures that the market receives an appropriate level of information about the entity’s governance arrangements so that investors and other stakeholders can have a meaningful dialogue with the board and management on governance matters and can factor the information provided into their decision on whether or not to invest in the entity and how to vote on particular resolutions.
The “if not, why not” approach is fundamental to the operation of the Principles and Recommendations.
The Safety Governance Principles® align specifically and purposely to the ASX Principles of Corporate Governance.
We use the same language and terminology to ensure we are transferring the correct intention and meaning of the words for application for Corporate Governance Actors and Oversight/Stewardship Professionals.
We help translate safety to the corporate governance language.
- Too long has safety simply been left in the “culture” box.
- Safety is not just “culture”.
It is as we have relayed via each of the Principles relating to each of the actions of Corporate Governance we add a risk which in the past has been seen as non material to many industries and activities.
We use the same language to translate safety to corporate governance.
Organisation for Economic Co-operation and Development (OECD) Principles
Aligned to OECD Principles
The Safety Governance Principles® align specifically and purposely to the G20/OECD Principles of Corporate Governance.
We use the same language and terminology to ensure we are transferring the correct intention and meaning of the words for application for Corporate Governance Actors and Oversight/Stewardship Professionals.
We help translate safety to the corporate governance language.
- Too long has safety simply been left in the “culture” box.
- Safety is not just “culture”.
It is as we have relayed via each of the Principles relating to each of the actions of Corporate Governance we add a risk which in the past has been seen as non material to many industries and activities.