Corporate Governance Statement  The Board also promotes the maintenance of an open working environment in which all employees and contractors are  able to report instances of unethical, improper, unlawful or undesirable conduct without fear of intimidation or reprisal.  This is endorsed through the Whistleblowers Protection Policy. The Board has adopted a policy for trading in Cardno securities by Directors, Senior Executives and staff. The purpose  of these codes is to guide Directors and Senior Executives in the performance of their activities and to define the  circumstances in which both they and staff, and any associates, are permitted to deal in securities. This policy was  reviewed and updated during the year to ensure best practice principles continue to be incorporated in the policy in line  with the Listing Rules.  These codes and policy have been designed with a view to ensuring the highest ethical and professional standards as  well as compliance with legal obligations. Both codes and the policy are available for review in the Investor Centre of the  company’s website.  The Managing Director and Chief Financial Officer have provided the Board with a statement confirming that the  company’s financial reports present a true and fair view of the company’s financial position and are in accordance with  relevant accounting standards. The Audit, Risk & Compliance Committee consists of two Non-executive Directors,  Mr Barnes and Mr Johnston, and one Executive Director, Dr Johnson. Mr Barnes, an independent Non-executive  Director, is Chairman of the Audit, Risk & Compliance Committee. Mr Barnes is not the Chairman of the company.  Mr Massey stepped down from his position on the Committee on 18 August 2009 so as to avoid any potential conflict of  interest between his role as a member of the Committee and his role as Chairman of the Board. Details of the number  of meetings of the Committee and members attendance can be found in the Directors’ Report.  The guidelines provide for the Audit, Risk & Compliance Committee to consist of at least three members and consist only  of Non-executive Directors. The Board considers that it is appropriate to have one Executive Director on the Audit, Risk  & Compliance Committee to ensure there is appropriate insight when considering the company’s operations and risks.  The Audit, Risk & Compliance Committee requires the rotation at least every five years of the external audit engagement  partner. The selection of the external audit engagement partner is assessed against specific criteria established and  agreed by the Audit, Risk & Compliance Committee. The role, objective and responsibilities of the Audit, Risk & Compliance Committee are able to be accessed in the  Investor Centre of the company’s website.  The company has adopted a Continuous Disclosure Policy which can be viewed in the Investor Centre of the company’s  website. The purpose of this policy is to set out the procedures to be followed to enable accurate, timely, clear and  adequate disclosure to the market and compliance with the ASX Listing Rules regarding disclosure. The Policy also  operates to ensure that all employees are aware of their obligations for compliance within the continuous disclosure  obligations. The Board regularly reviews its disclosure to ensure the market is kept informed of price sensitive or  significant information in accordance with the Listing Rules. During the year the company approved a Confidential Information Policy which established standards of behaviour and  processes regarding the manner in which the executives and employees handle confidential information relating to the  company’s business. A copy of the policy has been distributed to all staff and is accessible on the company intranet. The Company Secretary has been nominated as the person responsible for communications with the Australian  Securities Exchange (ASX). This role includes the responsibility for ensuring compliance with the continuous disclosure  requirements in the ASX Listing Rules and overseeing and co-ordinating information disclosure to the ASX, analysts,  brokers, shareholders, the media and the public. Further comments related to making timely and balanced disclosure  are covered with consideration of the next Principle.  The Board recognises the important rights of shareholders and strives to communicate with shareholders regularly and  clearly – both by electronic means and using more traditional communication methods. Shareholders are encouraged to  attend and participate at general meetings. The company’s auditors attend the Annual General Meeting of the company  and are available to answer shareholders’ questions. Principle 6: Respect the rights of shareholders  The Communications Policy adopted by the company includes: all information disclosed to the ASX is posted on the company’s website when it is disclosed to the ASX. Presentation material used in public presentations and to brief analysts is released to the ASX and posted on  the company’s website;  communicating effectively with shareholders through releases to the market via the ASX, the media, the  company’s website, information mailed to shareholders and the general meetings of the company;  Page 23 of 80  Principle 5: Make timely and balanced disclosure  Principle 4: Safeguard integrity in financial reporting 