MPR Australia Limited has updated its corporate governance practices, focusing on board accountability, diversity, and risk management, while adapting to its current operational context. The company has adopted several recommendations from the ASX Corporate Governance Council’s Principles and Recommendations, including the requirement for the company secretary to report directly to the board through the chair.
Material actions and disclosures
The company has adopted a diversity policy, which can be found on its website at www.mpraustralia.com.au/corporategovernance. The board has not set measurable objectives for achieving gender diversity at this time, considering the company’s size and scale.
The company has also established informal processes for the oversight and management of material business risks, given the limited nature and extent of its current operations. The board continuously assesses risks and consults among themselves to establish acceptable levels of risk and measures for managing them.
Forward commitments
The company aims to periodically evaluate the performance of the board, its committees, and individual directors on an informal, as-needed basis. It also plans to continue providing security holders with appropriate information and facilities to exercise their rights effectively.