Australian United Investment Company Limited


Investment Policy

AUI is a listed investment company which specialises in Australian listed equities.  The Company's objective is to take a medium to long term view and to invest in a diversified portfolio of Australian equities which have the potential to provide income and capital appreciation over the longer term.AUI is an investment company which seeks, through portfolio management, to reduce risk and improve income from dividends and interest over the longer term.

AUI's funds are invested predominantly in shares of companies listed on the ASX.

Investments are purchased or subscribed for on the basis of the directors' assessment of their individual prospects for income and growth.  The directors do not invest by reference to any pre-determined policy that any particular proportions of the capital will be invested in particular investment sectors.

Dividends paid for each of the full financial years since 1993 are as follows:
                      Year
 

Cents Per Share
 

                      1992/93 7.5
                      1993/94 8.0
                      1994/95 8.5
                      1995/96 10.5
                      1996/97 11.0
                      1997/98 11.5
                      1998/99 12.0
                      1999/00 12.5
                      2000/01 13.0
                      2001/02 13.5
                      2002/03 14.0
                      2003/04 15.0
                      2004/05 17.0
                      2005/06 19.5
                      2006/07 23.0
                      2007/08 25.0
                      2008/09 25.0
                      2009/10 25.5
                      2010/11 26.5
                      2011/12 28.0
                      2012/13 29.5
                      2013/14 32.0
                      2014/15 34.0
                      2015/16 34.0
                       2016/17 34.0
                       2017/18 35.0
                      2018/19 36.0
                      2019/20 36.0
 
List of Directors

Charles Goode
Charles Goode AC, B.Com (Hons) (Melb), MBA (Columbia), Hon LLD (Melb), Hon LLD (Monash).  Appointed April 1990. Mr Goode is the Chairman of the Boards of Diversified United Investment Limited (since 1991), The Ian Potter Foundation Limited (Governor since 1987, Chairman since 1994) and is Chairman Emeritus of Flagstaff Partners (having been Chairman 2010 – 2019). Mr Goode was formerly a director of Australia and New Zealand Banking Group Limited (1991 – 2010, Chairman 1996 – 2010) and Woodside Petroleum Limited (1988 – 2007, Chairman 1999 – 2007).

Fred Grimwade
Fred Grimwade B.Com/LLB (Hons) (Melb), MBA (Columbia), FAICD.  Appointed March 2014. Mr Grimwade is a Principal and Director of Fawkner Capital Management Pty Ltd. He is currently Chairman of CPT Global Limited and XRF Scientific Limited, and a director of Select Harvests Limited. Formerly he held senior executive positions with Colonial First State Investments Group, Colonial Mutual Group, Western Mining Corporation and Goldman, Sachs & Co. He is the Chairman of the Company’s Audit and Risk Management Committee

Dion Hershan
Dion Hershan B.Com/B.Arts (Monash) MBA (Columbia).  Appointed April 2018. Mr Hershan is Managing Director and Head of Australian Equities at Yarra Capital Management. He has more than 20 years’ finance industry experience. Formerly he held senior executive positions with Goldman Sachs Asset Management, Citadel Investment Group (New York), Fidelity Investments (Boston) and Boston Consulting Group. He is Chairman of the Company’s Nomination and Remuneration Committee.

Corporate Governance

Corporate Governance Statement
Audit & Risk Management Committee Charter

Nomination & Remuneration Committee Charter
Continuous Disclosure Policy
Policy for dealing in Company Securities

Constitution

Please click here to view the Company's Constitution