Independently operated
Bennco Engineering operates as an independent sister company within the Bennco Group, delivering specialised engineering solutions with a focus on quality, safety, and innovation.
Under the strategic leadership of Managing Director Stephen Tormey and our experienced Board of Directors, we combine strong governance with the agility to respond quickly to client needs and industry demands.
This structure empowers us to drive continuous improvement while upholding the highest standards of compliance and integrity.
Committed to ensuring the company maintains an effective system of corporate governance.
At Bennco Engineering, we recognise that strong governance is the foundation of stakeholder trust and business success. Our policies set clear expectations for legal, regulatory, and ethical conduct across all operations and relationships – including clients, suppliers, and partners.
Bennco Engineering’s Corporate Governance Framework provides the platform which ensures:
- The Board is accountable to shareholders for the operations, performance, and growth of the Company.
- Bennco Engineering’s leadership team are accountable to the Board.
- Bennco Engineering’s leadership team are responsible for Bennco Engineering’s culture and delivery of results.
- Risks to Bennco Engineering’s organisation are quickly identified and managed.
- Bennco Engineering effectively communicates with its shareholders and the investment community.
The Board Charter sets out the structure, functions and responsibilities of the Board and its principles of operation. It also describes the functions delegated to management.
Board Committees assist the Board in carrying out its responsibilities.
The nomination and selection processes for the Bennco Engineering Board and its committees are outlined in the Nomination and Corporate Governance Committee Charter.
This includes criteria and consideration for:
- Views of stakeholders (including shareholders).
- Diversity.
- Independence.
Bennco Engineering aligns with the ASX Corporate Governance Principles, focusing on ethical conduct, effective Board structure, risk management, fair remuneration, and safeguarding corporate integrity, to foster a culture of accountability, transparency, and sustainable performance.
