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Directors of Energy Ventures Limited are committed
to good corporate governance taking into account
the Company's size and current activities, and
as such has a range of policies and processes
in place to ensure the rights of the Company and
our shareholders are protected.
In
August 2007, the ASX Corporate Governance Council
published its second edition of Corporate Governance
Principles and Recommendations. A full summary
of these Recommendations can be viewed from the
following link http://www.asx.com.au/supervision/governance/index.htm
.
These
Recommendations are not prescriptive, they are
guidelines designed to cover companies of all
sizes and produce an outcome that is effective,
of high quality and integrity. The Company's Board
of Directors has reviewed these Recommendations
and in most cases the Company was already achieving
the standards required. In a limited number of
instances, the Company has determined not to comply
with the standard set out in the Recommendations
largely due to the Recommendation being considered
by the Board to be unduly onerous for a Company
of its size.
The
ASX Corporate Governance Council encourages all
companies to communicate openly with stakeholders
via electronic methods. In accordance with this,
all relevant Corporate Governance material is
required to be made publicly available on the
Company's website in a clearly designated section.
The
links below will provide you access to information
on the Company's policies and procedures as required
to be detailed by the ASX Corporate Governance
Principles and Recommendations.
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