Pacific Resources Limited has outlined its corporate governance framework, focusing on compliance with the ASX Corporate Governance Council Principles and Recommendations. The company has adopted a whistleblower policy to ensure concerns regarding unacceptable conduct, including breaches of the Company’s code of conduct, can be raised confidentially without fear of reprisal. Additionally, the company has a zero-tolerance approach to bribery and corruption, although it has not yet formally adopted an anti-bribery and anti-corruption policy due to the current size and complexity of its operations.
Material actions and disclosures
The company has a code of conduct for its directors, senior executives, and employees, ensuring that the board or a committee of the board is informed of any material breaches of that code. The company also has a diversity policy, although it has not set measurable objectives for achieving gender diversity due to the current size and scope of the Consolidated Group.
The company’s board of directors is responsible for the overall operation and management of the company and its subsidiaries, setting strategic objectives, establishing goals, and monitoring performance against these goals and objectives. The company also has a Shareholder Communications Policy to facilitate effective two-way communication with investors.
The company does not have an audit committee but has adopted an Audit & Risk Committee Charter, with the full Board considering the matters and issues that would otherwise be addressed by an Audit Committee. The company also does not have a formal process for evaluating the performance of the board, its committees, and individual directors, given the small size of the Board and the nature of the company’s activities.
The company’s Corporate Governance Statement is available on its website, providing detailed information on its governance practices and compliance with the ASX Recommendations.
Attributed to the Corporate Governance Statement of Pacific Resources Limited, approved by the Board on 24 August 2026.