This Corporate Governance Statement is current as at 29 September 2020 and has been approved by the Board of the Company on that date.
This Corporate Governance Statement discloses the extent to which the Company will, as at the date it is admitted to the official list of the ASX, follow the recommendations set by the ASX Corporate Governance Council in its publication Corporate Governance Principles and Recommendations (Recommendations). The Recommendations are not mandatory, however the Recommendations that will not be followed have been identified and reasons provided for not following them along with what (if any) alternative governance practices the Company intends to adopt in lieu of the recommendation.
The Company has adopted a Corporate Governance Plan which provides the written terms of reference for the Company’s corporate governance duties.
Due to the current size and nature of the existing Board and the magnitude of the Company’s operations, the Board does not consider that the Company will gain any benefit from individual Board committees and that its resources would be better utilised in other areas as the Board is of the strong view that at this stage the experience and skill set of the current Board is sufficient to perform these roles. Under the Company’s Board Charter, the duties that would ordinarily be assigned to individual committees are currently carried out by the full Board under the written terms of reference for those committees.
To view the Company’s Corporate Governance Plan and Statement, please click on the attached downloadable pdf documents, which have been approved and authorised by the Board of Directors.
Policy and Charters covered in the Corporate Governance Plan include
- Board Charter
- Corporate Code of Conduct
- Continuous Disclosure Policy
- Audit and Risk management Committee Charter
- Remuneration & Nomination Charter
- Nomination Committee Charter
- Risk Management Policy
- Securities Trading Policy
- Diversity Policy
- Shareholder Communications Strategy
- Anti-Bribery and Anti-Corruption Policy
- Whistleblower Policy
- Statement of Values