Governance That Protects Your Interests
Corporate Values
Global Masters Fund has developed a values statement to provide a contextual beacon for the behaviours of the Company.
Combined with our Code of Conduct, these values generate a sustainable business culture producing stakeholder value over the long term.
Corporate Governance Statement
The Directors of GFL are committed to excellence in corporate governance. By adopting the ASX Corporate Governance Council's Corporate Governance Principles and incorporating industry best practice, the Company has built a framework that supports our business and enhances transparency and accountability, which ultimately protects the interests of Shareholders.
Our Corporate Governance Statement outlines our alignment with the ASX Corporate Governance Principles and Recommendations. Our individual policies provide details of the governance structures within GFL.
Dividend Policy
Global Masters Fund is structured as a long-term capital growth vehicle. Our primary objective is to maximise shareholder wealth through the compounding of retained earnings, in line with our philosophy of "Built on Quality. Driven by Compounding."
GFL does not pay regular dividends. This enables maximum capital for reinvestment, tax-efficient wealth accumulation through unrealised capital gains, and alignment with our investment philosophy and that of our principal holdings.
The Board conducts an annual review to assess whether a special distribution may be warranted. Any special distribution would only be considered where franking credits have accumulated significantly and distribution would be materially beneficial to shareholders without compromising our strategic objectives or growth trajectory.
