The Board’s responsibility is to represent, advance and protect the interests of all Shareholders and Stakeholders. To fulfil this role the Board is responsible for the overall corporate governance of the Company including its strategic direction, establishing goals for management and monitoring the achievement of these goals.
To the extent applicable, given the Company’s s size and nature, the Company has adopted the principles and recommendations of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations (3rd edition) (“CG Recommendations”) to form the basis of a comprehensive system of control and accountability for the administration of corporate governance. The Board is committed to administering the policies and procedures with openness and integrity, pursuing the true spirit of corporate governance commensurate with the Company’s needs.
The CG Recommendations are not prescriptive, but guidelines. Under the Listing Rules the Company will be required to provide a corporate governance statement in its annual report disclosing the extent to which it has followed the CG Recommendations in the reporting period. Where the Company does not follow a CG Recommendation, it must identify the relevant recommendation or principle that has not been followed and give reasons for not following it.
Disclosure of the Company’s corporate governance practices will be given in accordance with the Listing Rules. Copies of the Company’s key policies and the charters for the Board and each of its committees are available below.