Regis Resources Limited has strengthened its corporate governance framework with a robust set of policies and committees to oversee risk, compliance, and diversity. The company’s governance structure includes a board charter, an audit committee, a risk, safety, environment and community committee, and a remuneration, nomination and diversity committee.
Material actions and disclosures
The Audit Committee, chaired by Mr Steve Scudamore, comprises Mr James Mactier and Mr Paul Arndt, all independent Non-Executive Directors. The committee has a charter defining its function, composition, operation, authority, and responsibilities. Similarly, the Remuneration, Nomination and Diversity Committee, also comprising independent Non-Executive Directors, oversees remuneration, nomination, and diversity policies.
The Risk, Safety, Environment and Community Committee, chaired by Mr Paul Arndt, oversees risk management concerning business operations, including safety, health, environment, governance, climate change, modern slavery, heritage, and community matters. The committee met four times during the reporting period.
The company has a whistleblower policy that encourages employees to report unlawful, unethical, or irresponsible behavior. Additionally, the Anti-Bribery and Corruption Policy prohibits giving bribes, secret commissions, and other improper conduct.
Regis Resources has set measurable objectives for achieving gender diversity, aiming for 30% representation on the board and 27% in the workforce over three years. The company assesses its performance annually and reports on its progress.
Forward commitments
The company plans to continue monitoring and reporting on the progress of achieving its gender diversity objectives. It also aims to maintain its commitment to continuous improvement in governance, risk management, and internal control processes.
Regis Resources Limited’s governance policies and practices are detailed in the Corporate Governance section of its website at www.regisresources.com.au.