Australian Vanadium has adopted a range of corporate governance measures, including a diversity policy, whistleblower protection, and an audit and risk committee charter. The company has also committed to fair and legal business practices, anti-bribery and anti-corruption policies, and ensuring the integrity of its corporate reports.
Material actions and disclosures
The company has a diversity policy that aims to promote workforce diversity, although it does not set measurable gender diversity objectives due to the current small size of the board and employee base. The company has also established a whistleblower protection policy and an anti-bribery and anti-corruption policy, ensuring that any material breaches of these policies are reported to the board or relevant committee.
The company’s audit and risk committee charter is designed to monitor and periodically review the need for an internal audit function, as well as assessing the performance and objectivity of any internal audit procedures that may be in place. The company also ensures that its financial statements are declared by the CEO and CFO to be in compliance with appropriate accounting standards and give a true and fair view of the financial position and performance of the entity.
The company’s risk management framework is reviewed annually to ensure it continues to be sound and that the company is operating with due regard to the risk appetite set by the board. The company also discloses its process to verify the integrity of periodic corporate reports that are not audited or reviewed by an external auditor.
Forward commitments
The company does not have any forward commitments outlined in the fact pack.
The company’s commitment to these governance practices is attributed to the ongoing efforts to ensure compliance with the ASX Corporate Governance Principles and Recommendations.