----------------------------------------------------------------------------------------------------------------------------------------------
The directors and management of Norton Gold Fields Limited are committed to following the Principles issued by ASX underpinning corporate governance best practice.
In responding to the Principles and associated Best Practice Recommendations, Norton has given due and careful regard to its particular circumstances and the best interests of its shareholders.
ASX Listing Rules require listed companies to disclose in their Annual Report the extent to which ASX Best Practice Recommendations have been followed; identify which Recommendations have not been followed; and provide reasons for their decisions.
As detailed in this Corporate Governance Statement,
Norton considers its current governance practices comply with
22 of the 27 ASX Recommendations. Where arrangements differ
from the Recommendations, the directors and management believe
this is appropriate to the Company's individual circumstances
and represents good practice.
Current practices do not comply in the following areas:
R2.1 A majority
of the board should be independent directors.
R2.4 The board
should establish a nomination committee.
R2.5 Companies
should disclose the process for evaluating the performance
of the board, its
committees and individual directors.
R4.2
Structure the audit committee so that it consists of
at least 3 members.
R8.1
The board should establish a remuneration committee.
The Company will keep the Recommendations in continuous review and as Company circumstances change we expect to move towards full compliance. Decisions will be based on what is in the best interest of shareholders.
The remainder of this statement sets out each Principle,
associated Best Practice Recommendations, and the Company's
response.
Principle 1 - Lay solid foundations
for management and oversight
Principle
1 - click
here
Principle 2 - Structure the
Board to add value
Principle
1 - click
here
Principle 3 - Promote ethical
and responsible decision-making
Principle
1 - click
here
Principle 4 - Safeguard integrity
in financial reporting
Principle
1 - click
here
Principle 5 - Make timely and
balanced disclosure
Principle
1 - click
here
Principle 6 - Respect the rights
of shareholders
Principle
1 - click
here
Principle 7 - Recognise and
manage risks
Principle
1 - click
here
Principle 8 - Encourage enhanced
performance
Principle
1 - click
here
A full copy of Norton's corporate governance statement
is available
here
Norton's protocols and charters are available by clicking
on the following links:
Board
Protocol
Audit
Committee and Risk Management Committee Charter
Board
Nomination Charter
Back
to Top
|
