The standard of integrity is maintained in the financial reporting of the company: The audit committee of the company is formed by the complete board of the company. It is acknowledged by the board that at this stage the company does not comply with the recommendations provided by ASX. The board at this stage reviews the recommendations which are in respect to the changes made in the operations of the company.
Timely and balanced disclosures are made: Relevant and updated information is provided by the company to all the shareholders and the extensive investment communities. This information provided is in accordance with the constant requirements for disclosure specified under the ASX Listing Rules and the Corporations Act.
The right shareholders are respected: The main aim of the board of the company is to provide complete information to the shareholders of the company and the essential information needed for assessing the company’s performance. For the achievement of this aim, in 2010 the “Board Shareholder Communication Policy” was formed. In this policy, the process was defined, with which it will be ensured by the company that all the shareholders are provided with complete, timely and accurate information without failure with uniformity.
Managing and recognizing the risks: There are various types of risks which are associated with the operations of the company, and among these risks, the maximum are common to the resources industry. The approaches, strategies and commitment of the company for managing these risks is mentioned in the “Risk Management policy” of the company and is also stated on the website of the company.