The Board is committed to maintaining high standards of corporate governance.
The Directors recognise the importance of sound corporate governance commensurate with the size and nature of the Company and the interests of its shareholders.
The full Corporate Governance Statement is available to download below. It discloses the extent to which the Company will follow the recommendations set by the ASX Corporate Governance Council in its publication Corporate Governance Principles and Recommendations 3rd Edition (Recommendations). The Recommendations are not mandatory, however the Recommendations that will not be followed have been identified and reasons for not following them, along with what (if any) alternative governance practices have been adopted in lieu of the Recommendation. The Company has adopted Corporate Governance Policies which provide written terms of reference for the Company’s corporate governance practices.
Governance Downloads
We adhere to the principles and follow where appropriate the recommendations set by the ASX Corporate Governance Council in its publication Corporate Governance Principles and Recommendations 3rd Edition.
As our main applicable governance rules, we seek to apply best practice, ensuring that our approach is up-to-date and relevant.
Board Committees
The Board assumes the responsibilities normally delegated to the Audit, Remuneration and Nomination Committees.
The full Board presently performs the function of an Audit Committee. A separate Audit Committee may be established when appropriate, as the Company’s activities develop in size, nature and scope, and where increased efficiency and effectiveness can be derived from having a separate committee.
The full Board presently performs the function of a Nomination Committee. A separate Nomination Committee may be established when appropriate, as the Company’s activities develop in size, nature and scope, and where increased efficiency and effectiveness can be derived from having a separate committee.
The full Board performs the function of a Remuneration Committee. A separate Remuneration Committee may be established when appropriate, as the Company’s activities develop in size, nature and scope, and where increased efficiency and effectiveness can be derived from having a separate committee.