The primary responsibility of the Board is to represent and advance Shareholders' interests and to protect the interests of all 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.

The responsibilities of the Board include:

•   Protection and enhancement of Shareholder value;
•   Formulation, review and approval of the objectives and strategic direction of the Company;
•   Approving all significant business transactions including acquisitions, divestments and capital expenditure;
•   Monitoring the financial performance of the Company by reviewing and approving budgets and results;
•   Ensuring that adequate internal control systems and procedures exist and that compliance with these systems and procedures is maintained;
•   Identifying significant business risks and ensuring that such risks are adequately managed;
•   The review of performance and remuneration of executive directors and key staff;
•   The establishment and maintenance of appropriate ethical standards; and
•   Evaluating and, where appropriate, adopting with or without modification, the ASX Corporate Governance Council's Corporate Governance Principles and recommendations

The Board recognises the need for the Company to operate with the highest standards of behaviour and accountability.

Ephraim Resources has adopted a set of corporate governance policies and procedures which forms 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.

To the extent they are applicable to the Company, the Board has adopted the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations.

The Company is please to make the following information on its corporate governance practices available on its website:

Charters

1.

Board

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2.

Audit Committee

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3.

Nomination Committee

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4.

Remuneration Committee

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Policies and Procedures

1.

Bribery and corruption policy

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2.

Code of conduct

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3.

Conflicts of interest policy and procedures

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4.

Continuous disclosure policy

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5.

Diversity policy

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6.

Environmental policy statement

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7.

Harassment and discrimination policy

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8.

Occupational health and safety policy statement

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9.

Policy and procedures for selection and re-appointment of directors

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10.

Policy on assessing the independence of directors

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11.

Policy on the selection, appointment and rotation of the external auditor

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12.

Process for performance evaluation

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13.

Risk management policy

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14.

Shareholder communication policy

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15.

Share trading policy

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16.

Whistleblower policy

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The Future of Green & Renewable Energy
providing research, experimentation, licensing, and consulting services for agricultural biogenetics in Indonesia.

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