Marmota has disclosed its corporate governance practices for the financial year ended June 2026, focusing on its commitment to ethical standards and risk management. The company’s practices relate to the revised 4th Edition of the Corporate Governance Principles and Recommendations issued by the ASX Corporate Governance Council.
Material actions and disclosures
Marmota has a formal code of conduct for directors, senior executives, and employees, as well as a whistleblower policy and an anti-bribery and corruption policy. The company ensures that the board or a committee of the board is informed of any material breaches of these policies.
The company does not have a formal diversity policy with measurable objectives for achieving gender diversity, citing the size of the company and the stage of its operations. However, it has a commitment to creating a diverse working environment and promoting a culture that embraces diversity.
Marmota’s Audit, Governance and Remuneration Committee oversees corporate governance, internal controls, ethical standards, financial reporting, and external accounting and compliance procedures. The committee reviews and assesses the annual and half-year financial reports and liaises with the external auditor.
The company does not have an internal audit function due to its size and stage of development as a publicly listed junior exploration company. However, the Board closely monitors risk management with the assistance of the Audit, Governance & Remuneration Committee.
Marmota has established a formal remuneration committee responsible for monitoring the composition of the Board and reviewing the performance of executive directors and senior management.
The company has also disclosed its process to verify the integrity of any periodic corporate report it releases to the market that is not audited or reviewed by an external auditor.
Forward commitments
Marmota plans to consider a more formal process of Board assessment in the future as the company develops.
Marmota is committed to ensuring appropriate Corporate Governance practices are in place for the proper direction and management of the company, aligning with the purpose, values, strategic objectives, and risk appetite of the company.
Marmota’s practices comply with the ASX Corporate Governance Council’s Principles and Recommendations where applicable, while recognizing that full adoption may not be practical given the company’s particular circumstances and structure.