Aurora Energy Metals Limited has updated its corporate governance and compliance policies, including whistleblower, anti-bribery, and risk management policies, as part of its ongoing commitment to transparency and ethical business practices.
Material actions and disclosures
The company has a Diversity Policy which provides a framework for achieving measurable diversity objectives, although it has not yet set specific measurable objectives for gender diversity due to its current size and limited operations. The respective proportions of men and women on the board, in senior executive positions, and across the whole workforce are outlined on the company’s website.
Aurora Energy Metals Limited has also disclosed its Performance Evaluation Policy, which outlines the processes for the performance evaluation of the Board, its committees, individual directors, and senior executives on an annual basis. However, no formal annual evaluation was undertaken during the reporting period, and the company intends to formalise this process in the coming period.
The company has adopted an Audit and Risk Committee Charter, which is responsible for the identification and management of business, economic, environmental, and social sustainability risks. The company does not currently comply with the requirements for the size of the committee or a majority of members being independent directors due to the size of the Board.
Aurora Energy Metals Limited has an Environmental, Social and Governance (ESG) Policy, which provides guidance for managing activities to minimise adverse workforce, community, and environmental impacts. The Board is regularly briefed and involved in discussions on ESG matters and reviews key risks facing the company on an ongoing basis.
Forward commitments
The company aims to set measurable objectives for achieving gender diversity in the future as it grows and expands its operations. Aurora Energy Metals Limited also intends to undertake a formal review of its risk management framework in the coming period.
The company’s commitment to corporate governance and compliance is reflected in its policies and practices, which are available on its website.