Ausmon Resources Limited has updated its corporate governance policies, including a Code of Conduct, Anti-bribery and Corruption Policy, and Whistleblower Policy, all posted on the group’s website. The updates aim to enhance the group’s compliance and ethical standards, ensuring all directors, senior executives, and employees adhere to the outlined policies.
Material Actions and Disclosures
The group’s Corporate Governance Statement includes a Code of Conduct, an Anti-bribery and Corruption Policy, and a Share Trading Policy. The Company Secretary is responsible for informing the Board of any material breaches of these codes and policies.
The group also has a Whistleblower Policy, with Mr Eric Sam Yue, Executive Director and Company Secretary, appointed as the Whistleblower Officer. He is tasked with investigating the substance of any complaints regarding disclosable matters and reporting material incidents to the Board as deemed necessary.
Ausmon Resources does not have an audit committee, but all matters relating to the audit functions to safeguard the integrity of the group’s corporate reporting are handled by the Board.
The group’s risk management framework is reviewed annually to ensure it remains sound and that the entity operates with due regard to the risk appetite set by the Board.
The group has a Diversity Policy that sets measurable objectives and is disclosed on the group’s website. The group has a very small management team aligned with its size of operations.