ASX ANNOUNCEMENT
30 MARCH 2022
Alumina Limited 2021 Corporate Governance Statement
Please find attached, Alumina Limited's 2021 Corporate Governance Statement, a copy of which is located in the Governance section of the Company's web site.
This ASX announcement was approved and authorised for release by Stephen Foster, Company Secretary.
Stephen Foster Company Secretary
For investor enquiries: | For media enquiries: |
Charles Smitheram | Tim Duncan |
Manager - Treasury & Investor Relations | Hinton and Associates |
Phone: +61 3 8699 2613 | Phone: +61 3 9600 1979 |
Mobile: +61 412 340 047 | Mobile: +61 408 441 122 |
Email:charles.smitheram@aluminalimited.com |
THE FOLLOWING STATEMENT DESCRIBES ALUMINA LIMITED'S (THE COMPANY) CORPORATE GOVERNANCE FRAMEWORK, POLICIES AND PRACTICES.
The governance framework is approved by the Board of Directors and management is generally responsible for its implementation. This statement relates to the financial year ended 31 December 2021 and is accurate and up to date as at 22 March 2022. This statement has been approved by the Board.
Approach to Corporate Governance
When Alumina Limited considers its corporate governance responsibilities it takes into account:
· analysing and adopting best practice governance principles and practices;
· overlaying its business philosophy and practices with its ethical values and principles;
· prudent delegation of responsibilities; and
· appropriate monitoring systems, processes and authorities, responsible delegation of duties and authorities and internal controls.
Website
The Company's website,www.aluminalimited.com/about-governance contains more detailed information on Alumina Limited's Board and Committee Charters and corporate governance policies and practices.
Compliance with Corporate Governance Codes
Alumina Limited is a listed company on the Australian Securities Exchange (ASX) and trades on the OTC Market in the US. Alumina Limited meets each of the requirements of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations (4th Edition). Refer to the Appendix 4G lodged by Alumina Limited with the ASX, which sets out the extent of compliance with each ASX Recommendation and specifies where relevant corporate governance disclosures can be found.
Approach to | Governance | Governance | Board | Delegation | Accountable |
Corporate Governance | Guidelines | Oversight | Committees | and Controls | Work Practices |
Governance framework
Shareholders
GOVERNANCE GUIDELINES
Values and Code of ConductBoard and Committee Charters
GOVERNANCE OVERSIGHTBOARD OF DIRECTORS
Audit and Risk Management Committee
Responsibilities
Financial management and reporting
Internal controls
Risk management framework Audit strategy and performance
Nomination Committee
Responsibilities
Select and appoint Directors and CEO
Identify necessary Board and Committee competencies
Assess Director skills and competency
DELEGATION AND CONTROLS
Delegated AuthoritiesCorporate Governance and Internal Controls
CHIEF EXECUTIVE OFFICER
Senior Management - Management Committee
ETHICAL AND ACCOUNTABLE WORK PRACTICESSHAREHOLDER VALUE
GOVERNANCE GUIDELINES
Alumina Limited's Corporate Values are:
Respect - We will respect each other and Company property.
Integrity - We will stand by our word ensuring a reputation as a highly professional team delivering on commitments to all stakeholders.
Honesty - We will be open, honest and fair in our dealings with people based on a clear set of ethical standards.
Personal Commitment - We will be personally responsible for acting in accordance with the law, Alumina's Values, Code of Conduct and Company policies, and be accountable for expected results.
High Performance - We will be energised by the excitement and fulfilment of raising the bar in everything we do.
Alumina Limited's Code of Conduct provides guiding principles for conducting our business:
· We will be honest and ethical in all of our actions and relationships and act in the interests of the shareholders.
Promoting Ethical Conduct and Behaviour
Alumina Limited's Corporate Governance Framework is underpinned by its corporate values and Code of Conduct. The Code defines the ethical parameters of the Company which shape the Company's corporate culture. The Code applies to the Company's directors, Chief Executive Officer (CEO), senior executives and other employees. Training on the Code of Conduct is conducted online and directors, the CEO, senior executives and other employees are required to certify that they understand and agree to conform with these workplace principles.
· As a minimum, we will observe the rule and intent of all relevant governmental laws, regulatory and professional rules and guidelines.
· We will maintain an appropriate level of confidentiality at all times with respect to the Company, employees and business associates' information.
· We will act fairly, be honest, open, and accountable in all dealings with internal and external parties.
· We will avoid situations in which individual personal interest may conflict with the interest of the Company and communicate any real or potential conflicts of interest to the Board.
Alumina Limited also has an approach to Sustainability that outlines our commitment and goals towards sustainable business practices in relation to the Company, the AWAC joint venture and our stakeholders.
· We will maintain all records of the Company to be accurate, in accordance with applicable procedures and accounting standards and ensure that financial information is complete, fair, timely and understandable.
· Where commercially prudent, financial information will be openly available to internal and external users.
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Disclaimer
Alumina Limited published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 03:44:03 UTC.