Corporate Governance

Corporate Governance

The Board and management are fully committed to maintaining and enhancing corporate governance so that it continues to contribute to Sandfire’s purpose and key growth objectives. 

The Board of Directors guides and monitors the business and affairs of the Group on behalf of the shareholders by whom they are elected and to whom they are accountable. In performing its responsibilities, the Board acts in the best interests of the Company, honestly, fairly and diligently and in accordance with the duties and obligations imposed upon it by Sandfire’s Constitution and the law.

In line with the Strategic Review, the Board has resolved to establish the following Board Committees, with effect from 1 July 2020, to more closely align the functions and objectives of these committees to the Company’s broader strategic imperatives:

  • Risk Committee;
  • Audit Committee; and
  • People and Performance Committee.

Whilst the Board is responsible for establishing the corporate governance framework of the Group, at Sandfire, we believe good governance is the collective responsibility of all our management and staff.  We believe that excellence in governance is intrinsic to our social license to operate and essential for the long-term sustainability of our business.

Our governance framework supports our people to deliver our strategy and provides an integral role in effective and responsible decision making and business conduct.  The Code of Conduct and Sandfire’s governance policies reinforce the importance of our values in carrying out our responsibilities to shareholders, employees, business partners, government, regulators and the broader community.

The Company regularly reviews its governance practices and corporate governance policies to reflect the growth and strategy of the Company, current legislation and best practise.

Our Corporate Governance Statement for the 2020 financial year can be found here.

Our compliance with the third edition of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations is set out here.

Our Board can be found here.

The responsibilities of our Board and management are defined in the:

The Board Committees operate under specific Charters including:

We have established standards, values and policies that actively promote ethical and responsible decision making and set our expectations regarding how we will conduct our business and work and behave towards each other. They include:

 

Board and Committee Charters for the year ended 30 June 2020

The Company’s Board and Committee charters that applied  for the financial year ended 30 June 2020 are presented below. The charters have been presented for information purposes only.