Great Northern Minerals has announced enhancements to its corporate governance framework, focusing on promoting ethical conduct and compliance. The company has updated its Code of Conduct, Whistleblower Protection Policy, and Anti-Bribery and Anti-Corruption Policy, ensuring they apply to all Directors, senior executives, employees, and contractors.
Material actions and disclosures
Great Northern Minerals has disclosed its commitment to good corporate conduct, grounded in strong ethics and responsibility. The company’s Code of Conduct is available on its website under the Corporate Governance section. Additionally, the company has a Whistleblower Protection Policy and an Anti-Bribery and Anti-Corruption Policy, both of which are also available on the website.
The company’s Audit and Risk Management Committee Charter provides for the creation of an Audit and Risk Committee with at least three non-executive Directors, a majority of whom must be independent. The Committee must be chaired by an independent Director who is not the Chair of the Board.
Great Northern Minerals also has a Diversity Policy that allows the Board to set measurable gender diversity objectives if considered appropriate. The company’s most recent Gender Equality Indicators are disclosed on its website.
The company’s Board Charter outlines the roles, responsibilities, and accountability of the Company Secretary, who is accountable directly to the Board through the Chair.
The company’s Risk Management Policy requires the Audit and Risk Committee (or the Board in its absence) to review the company’s risk management framework 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’s Environmental Policy details its risk management systems, ensuring procedures and resources are in place to assess risks, identify hazards, and implement practical means of controlling hazards and preventing harm.
Great Northern Minerals has also disclosed its process to independently verify and safeguard the integrity of its periodic corporate reporting, including the processes for the appointment and removal of the external auditor and the rotation of the audit engagement partner.
These actions reflect Great Northern Minerals’ commitment to robust corporate governance and compliance, as outlined in its latest announcement.