Section 172 Statement

The Directors of the group have a duty to promote the success of the group. A director of the group must act in the way they consider, in good faith, to promote the success of the group for the benefit of its members, and in doing so have regard (amongst other matters) to:

  • the likely consequences of any decision in the long term;
  • the interests of the Group’s employees;
  • the need to foster the Group’s business relationships with suppliers, customers and
  • others;
  • the impact of the Group’s operations on the community and the environment;
  • the desirability of the Group to maintain a reputation for high standards of business
  • conduct; and
  • the need to act fairly between members of the Group.

The directors of the group consider the key-stakeholders of the business to be its employees, customers, suppliers, bank and shareholders.