Page 37 - Bauxite Resources Annual Report 2013

Corporate Governance Statement cont.
ASX Principle Status Reference/comment
2.5 Companies should disclose the process for
evaluating the performance of the Board, its
committees and individual directors
A The remuneration of executive and non executive directors is reviewed
by the Board with the exception of the director concerned. This will be
reviewed by the remuneration committee following its formation on 23
August 2013.
2.6 Companies should provide the information
indicated in the Guide to reporting on
Principle 2
A The skills and experience of Directors are set out in the Company’s Annual
Report and on its website, all other reporting items have been addressed.
Principle 3: Promote ethical and responsible
decision-making
3.1 Companies should establish a code of
conduct and disclose the code or a summary
of the code as to:
A The company has formulated a Code of Conduct which can be viewed on
the company’s website under Corporate Governance Policies.
• the practices necessary to maintain
confidence in the company’s integrity
• the practices necessary to take into
account their legal obligations and
the reasonable expectations of their
stakeholders
• the responsibility and accountability of
individuals for reporting and investigating
reports of unethical practices
3.2 Companies should establish a policy
concerning diversity and disclose the policy
or a summary of that policy. The policy
should include requirements for the Board
to establish measurable objectives for
achieving gender diversity for the Board
to assess annually both the objectives and
progress of achieving them
A The Company has formulated a Diversity Policy, which can be viewed
on its website. The Board has not established measurable objectives for
achieving gender diversity at this stage of the Company’s development
due to the size and nature of the Company’s activities. The Policy focuses
on identifying and removing any barriers to diversity to create a workplace
culture of inclusion and equal opportunities.
3.3 Companies should disclose in each annual
report the measurable objectives for
achieving gender diversity set by the Board
in accordance with the diversity policy and
progress towards achieving them.
N/A Refer comments above. Gender diversity objectives have not been set.
3.4 Companies should disclose in each annual
report the proportion of women employees
in the whole organisation, women in senior
executive positions and women on the Board
A Proportion of women employees in the whole organisation 33%, women
in senior executive positions 0% and women on the Board 0%.
3.5 Companies should provide the information
indicated in the Guide to reporting on
Principle 3
A Refer comments above.
Annual Report 2013 Bauxite Resources 35