Corporate Governance Summary

The Directors of Cedar Woods Properties Limited place great importance on the corporate governance of the Company.

Cedar Woods’ primary objective is to create value for shareholders through growth in earnings.

In meeting its primary objective the Company seeks to:

• Communicate the company’s progress to shareholders and the investment community
• Satisfy customers’ expectations through excellence in property development
• Align the interests of the company and its employees and provide employees with the opportunity of growth and development
• Have the company’s citizenship recognised by the communities in which it operates and be recognised as environmentally responsible
• Maintain the highest ethical standards
The Company's corporate governance framework has been designed, as a whole, to address all of these objectives in a way that will maximise the contribution of the Board and management to the success of the business. The corporate governance practices are contained in the following charters and policies:
• Board Charter
• Audit & Risk Management Committee Charter
• Human Resources and Remuneration Committee Charter
• Board Nomination Committee Charter
• Risk Management Policy
• Investor Communications Policy
• Continuous Disclosure Policy
• Performance Evaluation Policies
• Privacy Policy
• Company Code of Conduct

Further information about the Company's corporate governance practices is contained in the Corporate Governance Statement which forms part of the Annual Report
The Company’s Corporate Governance framework is also governed by the Listing Rules of the Australian Stock Exchange, the Corporations Act, 2001 and the Company’s Constitution which was approved by shareholders at the 2000 Annual General Meeting