Rincon Resources has disclosed its corporate governance policies and risk management framework, including whistleblower and anti-bribery policies, and the absence of an audit committee.
Material actions and disclosures
The company has implemented a diversity policy, which can be viewed on its website at https://www.rinconresources.com.au/about/corporate-directory/corporate-governance/. The policy provides a framework for the company to establish and achieve measurable diversity objectives, including in respect of gender diversity.
Rincon Resources has also disclosed its process for periodically evaluating the performance of the board, its committees, and individual directors, as set out in the Corporate Governance Plan available on the company’s website.
The company has a whistleblower policy and an anti-bribery and corruption policy, both of which are available on its website. The board is informed of any material incidents reported under the whistleblower policy and any material breaches of the anti-bribery and corruption policy.
Rincon Resources does not currently have an audit committee. The Corporate Governance Plan contains an Audit and Risk Committee Charter that provides for the creation of an Audit and Risk Committee if it is considered beneficial to the company.
Forward commitments
The company will review its composition, including the appointment of independent directors, as its activities develop.
Rincon Resources will disclose whether it has any material exposure to economic, environmental, and social sustainability risks and how it manages or intends to manage those risks in its Annual Report and on its ASX website as part of its continuous disclosure obligations.
The company’s Corporate Governance Plan requires the company to disclose at least annually whether a review of the company’s risk management framework has taken place.
The Board will continue to monitor the need for an internal audit function and will disclose this information as required.
These disclosures are part of the company’s ongoing commitment to transparency and good governance practices.