Vital Metals Limited has outlined its commitment to ethical business practices, including anti-bribery and anti-corruption policies, whistleblower protections, and a code of conduct. The company also details its governance structure and risk management framework.
Material actions and disclosures
Vital Metals Limited has a zero-tolerance approach towards bribery and corruption, as outlined in its Anti-Bribery and Anti-Corruption Policy and Whistleblower Protection Policy. The company ensures that any material breaches of these policies are reported to the Board or a committee of the Board.
The company has also disclosed its commitment to a code of conduct for its directors, senior executives, and employees. Any material breaches of the code are reported to the Board.
Vital Metals Limited has an Audit and Risk Committee, which reviews the entity’s risk management framework annually to ensure it continues to be sound and that the entity operates with due regard to the risk appetite set by the board.
The company’s Risk Management Policy includes assessing, monitoring, and managing operational, financial reporting, and compliance risks. The policy is developed and updated to help manage environmental and social risks.
Forward commitments
Vital Metals Limited aims to continue developing a culture that values and achieves diversity in its workforce and on its Board. The company has a Diversity Policy available on its website in the Corporate Governance Section.
The company also plans to periodically evaluate the performance of the board, its committees, and individual directors, and disclose the results of these evaluations.
Vital Metals Limited will consider appointing additional members to its Audit and Risk Committee as the company grows in size.
Attributed to Vital Metals Limited’s Corporate Governance Statement, available at https://vitalmetals.com.au/corporate-governance/.