Home' Japara Healthcare Annual Report : Japara Healthcare Annual Report 2016 Contents accreditation standards are maintained and reports directly to the CEO. The Board is provided with regular reports on the outcomes of periodic
Government accreditation audits with learning communicated across the Group. The STI and LTI arrangements for the executive leadership
team, which includes the Group Executive of Aged Care Services and the CEO, have a gateway hurdle that the Group must maintain ongoing
accreditation and compliance standards.
The Group operates in a commercially sensitive industry in which its reputation could be adversely impacted should it, or the aged care industry
generally, suffer from any adverse publicity. Such publicity may lead to a reduction in the number of existing residents at the Group’s facilities or
the Group’s ability to attract new residents to its facilities, both of which occurrences may adversely impact the Group’s financial performance
and position and future prospects.
Robust controls and processes are in place around resident care, health and safety issues. The Group seeks to avoid reputational incidents
through a strong operating and control environment. When potential incidents are identified or become known they are promptly reported
through the Group Executive of Aged Care Services to the other executive leadership team members and to the Board in accordance with
standing policy. The executive leadership team, under the CEO’s direction, is responsible for developing appropriate strategy and response.
The CEO and Chief Financial Officer have authority under the Group’s Communication Strategy for commenting externally on reputational
related matters. The Group engages external public relations advisers and other experts as required to assist with strategy, response and
handling. From an industry perspective, the Company supports and is also supported by the Aged Care Guild, of which it is an active member.
The Guild is proactive in raising concerns and providing positions and responses to industry related matters.
Dividends paid or determined for payment on ordinary shares are as follows:
Final dividend of 5.75 cents per share (2015: 5.5 cents)
Interim dividend of 5.75 cents per share (2015: 5.5 cents)
The interim dividend paid during FY2016 was fully franked (FY2015: unfranked). The final dividend for FY2016 will be fully franked (FY2015: fully
7. Significant changes in the state of affairs
There were no significant changes in the state of affairs of the Group during the year other than as disclosed elsewhere in this report.
8. Events subsequent to reporting date
No matters or circumstances have arisen since the end of the financial year that significantly affected or may significantly affect the operations
of the Group, the results of those operations or the state of the affairs of the Group in future financial years.
9. Likely developments
Information relating to the likely developments in the operations of the Group and the expected results of those operations in future financial
years are set out in Section 5 and elsewhere in this report.
10. Environmental regulation
The Group’s operations have a modest environmental impact and, accordingly, are not subject to any particular and significant environmental
regulation under either Commonwealth or State legislation.
11. Indemnification and insurance of officers
The Company has agreed to indemnify the current Directors and officers of the Company against all liabilities to another person (other than
the Company or a related body corporate) that may arise from their position as Directors and officers of the Company and its controlled entities,
to the full extent permitted by law. The Company has also agreed to meet the full amount of any such liabilities, including costs and expenses.
The Company has agreed to indemnify the current Directors of its controlled entities for all liabilities to another person (other than the Company
or a related body corporate) that may arise from their position, except where the liability arises out of conduct involving a lack of good faith.
The Company has also agreed to meet the full amount of any such liabilities, including costs and expenses.
During the financial year, the Group paid a premium in respect of a contract insuring current and former Directors and officers of the Group
against certain liabilities that may be incurred by such Directors and officers in the discharge of their duties to the extent permitted by the
Corporations Act 2001.
20 Japara Healthcare Annual Report 2016
21 Japara Healthcare Annual Report 2016
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