White Energy Company Limited has updated its Corporate Governance Statement, outlining changes to the board composition and governance practices. The Company will report against these changes in the FY27 Corporate Government Statement.
Material Actions and Disclosures
The majority of the Company’s Board consists of Independent Directors, with the exception of Mr Brian Flannery, the Company’s Chair of the Board to 11 September 2026, and Mr Nathan Tinkler, the Company’s current executive Chair of the Board, who are not considered independent due to their substantial shareholding interests and executive roles.
The Company has implemented an induction program for new directors, providing a detailed briefing on their role and the business of the Company. Senior Management regularly informs the Board of key developments in the Company’s business and industry.
The Company’s values are disclosed in its Code of Conduct, available on the Company’s website. These values include Integrity, Inclusivity, Wellbeing, Collaboration, and Innovation.
The Company has adopted a whistleblower policy, which is available on the Company’s website. The Board and the Company Secretary are informed of any material incidents reported under the policy.
The Company has also adopted an anti-bribery and corruption policy, applicable to all officers, employees, and contractors who represent the Company. The Board and the Audit and Risk Committee are informed of any material breaches of the policy.
The Company’s Diversity Policy aims to achieve objectives in regard to gender, age, and cultural diversity. The Company does not presently have set measurable objectives for the representation of women employees in senior executive positions and on the Board. However, the Board will seek to promote and increase diversity within the organisation as positions of employment and appropriately skilled candidates become available.
The Company’s Audit and Risk Committee is comprised of independent directors, with a majority being independent. The Committee is responsible for overseeing the material aspects of the Company’s financial reporting, control, risk management, and audit functions.
The Company monitors its exposure to environmental and social risks through its Risk Management Policy and Procedures, which are available on the Company’s website.
The Company’s Remuneration Committee is responsible for reviewing the Company’s remuneration, retention, and termination policies. The Committee is comprised of independent directors, and a copy of the Remuneration Committee Charter is available on the Company’s website.
The Company’s Corporate Governance Statement is available on the Company’s website at: http://www.whiteenergyco.com/about-us/corporate-governance/