Examples of Magellan Group in a sentence
Consideration has also been given to ASIC RG 259: Risk management systems of responsible entities issued in March 2017.The compliance program which sets out the policies and procedures that the Magellan Group has adopted to satisfy its regulatory obligations is an integral part of the RMF.
Magellan has also adopted a number of corporate governance policies to provide reasonable assurance that the Trust is governed efficiently and effectively, and in accordance with its fiduciary duty.The corporate governance framework and policies are summarised below:Code of Ethics – The Code of Ethics (“Code”) applies to all Directors and employees of the Magellan Group.
The RMF supports a structured and focused approach to identifying, managing and reviewing risk to complement the strategies adopted to achieve the corporate objectives of the Magellan Group.
The Magellan Group will bear certain ongoing expenses associated with the Trust including custody, ongoing ASX listing costs and unit registry costs.
The Magellan Group intends to bear the initial expenses associated with the Offer and listing the Trust on ASX.
The policy outlines:• methods of communication and types of information provided by Magellan to Unitholders about the Trust;• timing of such reports and communication; and• other general information relevant to a Unitholder in the Trust.Risk Management Framework – The Risk Management Framework (“RMF”) for the Magellan Group is based on the Australian/ New Zealand Standard AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines and Principle 7 of the ASX Corporate Governance Principles.
Consideration has also been given to ASIC RG 259: Risk management systems of responsible entities.The compliance program which sets out the policies and procedures that the Magellan Group has adopted to satisfy its regulatory obligations is an integral part of the RMF.
As an additional benefit to Unitholders and to ensure that Unitholders who elect not to participate suffer no dilution as a result of the discount, the Magellan Group will pay the Trust an amount of consideration equal to the cost of this discount in accordance with the terms of the MFG Subscription and Commitment Deed.
The Magellan Group’s culture, size, simple andscalable operations, transparent reporting and flat organisational structure allow the Magellan Group Boards and management full and direct visibility of the key activities undertaken.The Boards and senior management have the skills and expertise to understand and rigorously review and challenge the information provided and recommendations submitted for approval.
Loyalty Units will be allotted to Priority Applicants on the Loyalty Unit Issue Date in accordance with the terms set out in Section5.2. The economic cost associated with Loyalty Units will not be borne by the Trust or its Unitholders.The economic cost associated with the Loyalty Units will be borne the Magellan Group through the issue of Class A Units to MGT Investment and subsequent consolidation of Class A Units by Magellan pursuant to the Constitution and the MFG Subscription and Commitment Deed.