Kibaran Resources Limited (ASX:KNL) is a listed company and is subject to the rules of the Australian Securities Exchange (ASX), the Corporations Act 2001 and other Australian and international laws and regulations.
KNL is committed to a corporate governance regime which reflects KNL’s business principles and is designed to address KNL’s responsibilities to its shareholders, employees, the community and other stakeholders.
ASX Principles and Recommendations
Corporate governance is a dynamic force which continues to evolve. In March 2003, the ASX Corporate Governance Council released its first edition of Principles of Good Corporate Governance and Best Practice Recommendations (ASX Principles) which provided a framework for good corporate governance. These principles have since been revised following comprehensive review to simplify the structure of the eight core principles. The current 3rd edition of the ASX Principles came into effect on 1 July 2014.
All ASX listed companies are required to provide a statement in their annual report disclosing the extent to which they have followed the ASX Principles in the reporting period. Where companies have not followed all the ASX Principles they must identify those ASX Principles that have not been followed and give reasons for not following them.
KNL’s ASX Principles Compliance Statement in the 2015 Annual Report describes the manner in which KNL complies with the 3rd edition of the ASX Principles which came into effect on 1 July 2014.
Key features and practices of Kibaran’s governance framework are provided under the links below.