Corporate Governance
The Board is committed to administering policies and procedures with openness and integrity and to pursuing the true spirit of corporate governance commensurate with the Company's needs. Genesis Minerals has adopted a comprehensive system of control and accountability as the basis for the administration of corporate governance.
The Company's corporate governance policy sets out details in respect of:
- the Board;
- the nomination committee;
- the remuneration committee;
- the selection and appointment of new Directors;
- the code of conduct for Directors and Genesis Minerals executives;
- the policy for trading of the Company's Shares;
- the policy on selection of an external auditor;
- communication with and participation of shareholders;
- respecting the rights of shareholders;
- risk management; and
- fair and responsible remuneration.
To the extent they are appropriate, the Company has adopted the 10 essential Corporate Governance Principles and Best Practice Recommendations as published by ASX Corporate Governance Council. In accordance with the recommendations of the ASX, information published on the Company's web site includes charters of the Board and its subcommittees, codes of conduct and other policies and procedures relating to the Board and its responsibilities.
As the Company's activities develop in size, nature and scope, the size of the Board and the implementation of additional corporate governance structures will be given further consideration.
- Corporate Governance Statement (PDF, 186 KB)