Power Minerals Limited has disclosed its values, code of conduct, whistleblower policy, and anti-bribery and corruption policy, aligning with the ASX Corporate Governance Principles & Recommendations.
Material actions and disclosures
The Company has disclosed its values in its Board Charter, available on the Company’s website. It also has a Code of Conduct applicable to directors, senior executives, and employees, ensuring that any breaches are reported to the Company Secretary or the Chairman for thorough investigation and appropriate action.
The Company has adopted a Whistleblower Policy and an Anti-Bribery and Corruption Policy, both available on the Company’s website. These policies require any material breaches to be reported to the Board or a committee of the Board.
Power Minerals Limited has also disclosed its process for verifying the integrity of its corporate reporting, including the processes for the appointment and removal of the external auditor and the rotation of the audit engagement partner.
The Company’s Audit Committee Charter requires the Board to ensure that the CEO and CFO declare that the financial records have been properly maintained and that the financial statements comply with appropriate accounting standards.
The Company’s Corporate Governance Plan includes a suite of policies and procedures, including a Diversity Policy, which provides a framework for the Company to establish and achieve measurable diversity objectives, including gender diversity.
The Board Charter sets out the specific responsibilities of the Board, the Chair, and management, and those delegated to management. The Company has detailed guidelines for the appointment and selection of the Board and senior executives.
The Company’s Remuneration and Nomination Committee Charter outlines the process for periodically evaluating the performance of the Board, its Committees, and individual Directors on an annual basis.
The Company’s Board Charter also requires the Board to disclose the number of times the Audit and Risk Management Committee (or, in its absence, the Board) met throughout the relevant reporting period, and the individual attendance of members at those meetings.
The Company’s Corporate Governance Plan is available on the Company’s website at www.powerminerals.com.au.
The Company’s mineral exploration and development operations will be subject to environmental regulation and heritage legislation in the jurisdictions in which it operates.
These disclosures and policies reflect Power Minerals Limited’s commitment to ethical and responsible business practices, as well as the safeguarding of the integrity of its financial reporting.