Korvest Ltd Submits Corporate Governance Statement and Appendix 4G for FY Ending June 2026

Board Charter and Oversight Structure

Korvest Ltd disclosed maintaining a board charter that defines the roles and responsibilities of the board and management, including matters reserved for the board and those delegated to management. This aligns with Principle 1 of the ASX Corporate Governance Council’s recommendations, establishing solid foundations for management and oversight. The publicly available charter clarifies how the board exercises oversight and decision-making authority, providing shareholders and investors with insight into governance structures.

This comprehensive board charter highlights Korvest’s dedication to transparent governance by delineating responsibilities between the board and management. It clarifies how strategic direction is determined, management performance is monitored, and key decisions are made—critical information for institutional investors assessing governance quality.

Director Appointment and Shareholder Disclosure Practices

Korvest confirmed conducting appropriate background checks before appointing directors or senior executives and ensuring shareholders receive all material information relevant to director elections or re-elections. These practices comply with Recommendation 1.2 of the ASX Corporate Governance Council framework, reflecting best practices in director due diligence and transparency. Thorough vetting and comprehensive disclosure demonstrate Korvest’s commitment to rigorous board appointments.

Such disclosures are vital for investors who rely on detailed candidate information to make informed voting decisions at shareholder meetings. By confirming these checks and disclosures, Korvest assures stakeholders that board appointments are transparent and carefully scrutinized, reducing the risk of unsuitable candidates and supporting governance integrity.

Written Agreements for Directors and Executives

Korvest has confirmed that each director and senior executive has a written appointment agreement outlining terms of engagement. This practice ensures clarity and consistency in defining governance roles contractually, covering duties, remuneration, and termination conditions.

Written agreements are fundamental to sound corporate governance, providing a formal basis for board-management relationships and setting clear expectations for roles, performance, and accountability. Korvest’s adherence to this recommendation underscores its commitment to documented governance arrangements rather than informal understandings.

Company Secretary Accountability and Board Support

The company secretary, Steven McGregor, is directly accountable to the board through the chair on all matters related to board functioning. This reporting structure ensures the company secretary supports board operations independently of management, a key governance feature that enhances board effectiveness and independence.

This accountability framework helps guarantee proper conduct of board meetings, accurate record-keeping, and adherence to board procedures in line with the company’s constitution and best practices. Such disclosure reassures investors that Korvest’s board governance processes are robust and well-supported.

Governance Statement Accessibility and Compliance Confirmation

Korvest’s corporate governance statement, current as of 27 July 2026, was board-approved and published on the company’s website rather than within the annual report, complying with ASX Listing Rule 4.10.3. This approach provides stakeholders direct access to detailed governance disclosures without navigating lengthy annual reports.

The lodged Appendix 4G serves as both a key to locating governance disclosures under Listing Rule 4.10.3 and a verification tool confirming Korvest’s compliance with ASX Corporate Governance Council recommendations. This structured disclosure framework enables systematic tracking of governance adherence for both the company and its stakeholders.

Tracking Compliance with ASX Governance Recommendations

Korvest’s Appendix 4G filing establishes a clear framework for monitoring compliance with the eight ASX Corporate Governance Council principles, including management foundations, board structure, ethical culture, corporate report integrity, timely disclosures, security holder rights, risk management, and fair remuneration.

This structured filing allows investors, regulators, and stakeholders to quickly assess Korvest’s adherence to each recommendation, understand any non-compliance reasons, and review alternative governance measures adopted. Such transparency is critical for sustaining market confidence in ASX-listed entities’ governance standards.

Diversity Policy and Measurable Objectives

Korvest’s governance disclosures address Recommendation 1.5, confirming the existence of a diversity policy and measurable objectives aimed at enhancing gender diversity across the board, senior executives, and workforce. This aligns with the ASX Corporate Governance Council’s emphasis on diversity’s positive impact on decision-making and governance.

While specific policy details and objectives are not disclosed in the update, the governance statement on Korvest’s website contains this information. Investors seeking insight into Korvest’s diversity initiatives and progress can access these details through the published governance statement.

Board Approval and Lodgement of Governance Statement

The corporate governance statement was formally approved by Korvest’s board and authorised for ASX lodgement by Company Secretary Steven McGregor on 27 July 2026. This approval confirms the disclosures accurately reflect the company’s governance practices as of the statement date.

Submitting the governance statement and Appendix 4G fulfills Korvest’s obligations under ASX Listing Rules 4.7.3 and 4.10.3, which require lodging Appendix 4G alongside the annual report and publishing a governance statement either within the report or on the company website. Korvest’s compliance ensures investors receive timely governance information relevant to investment decisions.

Clarifying Corporate Governance Statement Versus Appendix 4G

Investors should note the distinction between Korvest’s corporate governance statement and the Appendix 4G filing. The governance statement provides a detailed narrative on the company’s adherence to ASX Corporate Governance Council recommendations, including explanations of any non-compliance, reasons, and alternative practices adopted.

Conversely, Appendix 4G acts as an index and verification tool, confirming which recommendations have been fully followed and directing readers to corresponding disclosures. This dual filing approach ensures investors access both a structured summary and comprehensive governance narrative. The corporate governance statement is available on Korvest’s website and serves as the primary source for evaluating the company’s governance standards.