Ramsay Health Care Limited (Company) is committed to delivering high quality health
care services, long-term sustainable growth and shareholder returns. The Board recognises
the importance of good governance in achieving these corporate objectives, in discharging its
responsibilities to all stakeholders and in executing the broader role of the Company as a good
The Company’s governance framework is designed to ensure that the Company is effectively managed, that statutory obligations are met
and that the culture of personal and corporate integrity – The Ramsay Way – is reinforced. The Company remains steadfast in its commitment
to maintaining the culture and principles of The Ramsay Way across all aspects of its business, honouring the architect of The Ramsay Way,
the late Mr Paul Ramsay AO.
This Statement outlines the Company’s governance framework, policies and procedures as at 12 September 2017 (unless otherwise stated) in
accordance with the 3rd Edition of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (ASX
Recommendations) applicable at the date of this report. The table at the end of this section indicates where specific ASX Recommendations
are addressed in this Statement.
1. The Board Generally
The Board is committed to effectively representing and promoting the Company, thereby adding long-term value to all shareholders. The
Board is accountable to shareholders for the oversight of the Company’s business and affairs and, as such, is responsible for the overall
strategy, governance and performance of the Company.
To clarify the roles and responsibilities of directors and management, and to assist the Board in discharging its responsibilities, the Company
has established a governance framework which sets out the functions reserved to the Board and provides for the delegation of functions to
Board Committees and to senior management as considered appropriate. These are set out in the Board Charter, which was reviewed and
updated in FY2017, and can be found in the Corporate Governance section of the Company’s website (www.ramsayhealth.com/Investors/
The Company’s Statement of Delegated Authorities, which was most recently updated and approved by the Board in November 2016, will
continue to be reviewed as required, particularly with the continued expansion of the Company’s global business.
14 RAMSAY HEALTH CARE LIMITED