The Board is committed to ensuring the highest standards of ethical behaviour and accountability within Sinovus. As such, the Company’s corporate governance structures seek to promote integrity and responsible decision-making. To the extent that they are relevant to the organisation, Sinovus has adopted The Principles of Good Corporate Governance and Best Practice Recommendations as published by the ASX Corporate Governance Council. Where there has been variation or departure from these recommendations, it is because the Board believes the Company is not as yet of a size nor are its financial affairs of such complexity to justify some of those recommendations and as such, those practices continue to be the subject of the scrutiny of the Board.
The Board takes responsibility for, and has the authority to determine, all matters relating to the strategic direction, policies, practices, establishing goals for management and the operation of Sinovus and the functions and responsibilities of the Board include:
The Board intends to put in place a Code of Conduct for Directors and Officers to promote ethical and responsible decision-making. This Code of Conduct will aim to establish practices necessary to maintain confidence in the Company’s integrity and the responsibility and accountability of individuals for reporting and investigating reports of unethical practices. It is intended that the Code of Conduct for Directors and Officers shall deal with the following main areas:
Once in place, it is expected that Directors and the senior management team must comply with the Code of Conduct and demonstrate commitment to the Code and consistency in its execution.
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Sinovus Mining Limited
Level 10, 32 Martin Place
Sydney, NSW, Australia, 2000
Tel: (+612) 8222 6161
Sinovus Mining Ltd (ASX: SNV) is an Australian based junior resource company, primarily focused on developing its gold and silver assets in the Heilongjiang and Hebei regions of northern China.
Sinovus also has an interest in a Chinese coal mine, and holds a strategic investment in an Australian unconventional oil and gas project.