{"id":648,"date":"2021-07-13T06:15:33","date_gmt":"2021-07-13T06:15:33","guid":{"rendered":"https:\/\/bannermanenergy.com\/?page_id=648"},"modified":"2024-01-10T08:16:35","modified_gmt":"2024-01-10T00:16:35","slug":"corporate-governance","status":"publish","type":"page","link":"https:\/\/bannermanenergy.com\/corporate-governance\/","title":{"rendered":"Corporate Governance"},"content":{"rendered":"\t\t
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Corporate Governance<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Bannerman Energy Limited is a listed company and is subject to the rules of the Australian Securities Exchange Limited (ASX), OTC Markets (OTCQX) Namibian Stock Exchange (NSX), the Corporations Act 2001 (Cth) and other Australian and international laws and regulations. <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Bannerman is committed to a corporate governance regime which reflects Bannerman\u2019s business principles and is designed to address Bannerman\u2019s responsibilities to its shareholders, employees, the community and other stakeholders.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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ASX Principles and Recommendations<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Corporate governance is a dynamic force which continues to evolve. In March 2003, the ASX Corporate Governance Council released its Principles of Good Corporate Governance and Best Practice Recommendations (ASX Principles).<\/p>

These original ASX Principles provided a framework for good corporate governance. The ASX Principles have since been revised over time following wide consultation to include eight core principles.<\/p>

All ASX listed companies are required to provide a statement in the annual report or website 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.<\/p>

Bannerman\u2019s Statement on ASX Principles Compliance describes the manner in which Bannerman Energy complies with the ASX Principles.<\/p>

Key features and practices of Bannerman\u2019s governance framework are provided under the links below.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Corporate Governance<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Statement on Corporate Governance<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Constitution<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Current Constitution<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Values<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Values Statement<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Board<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Board Charter<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Independence of Directors<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Board Committees<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Audit Committee Charter<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Remuneration, Nomination and Corporate Governance Committee Charter<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sustainability Committee Charter<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Key Policies<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Board Code of Conduct<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Securities Trading<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Continuous Disclosure<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Shareholder Communications<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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External Audit<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Key Policies<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Risk Management<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Diversity Policy<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Bribery and Corruption<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Whistleblower Policy<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Cyber Security Policy<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Health and Safety Policy<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Bannerman aims to ensure that every one of its people goes home safe and healthy each day<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The wellbeing of Bannerman\u2019s personnel, contractors, suppliers, visitors and host communities is a core value for the Company. Bannerman has a Health and Safety Policy to facilitate its personnel looking out for each other, identifying work related risks and challenging unsafe practices. Bannerman\u2019s approach to health and safety includes effective risk management, leadership, integration of the health and safety system into day-to-day operations, acknowledgment of good safety behaviour, and reviews and performance assessments.<\/p>

During the year, Bannerman\u2019s management team and field personnel made great strides in improving the safety awareness and performance of its employees and contractors.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Bannerman Energy Health and Safety Policy<\/a><\/h3><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Environmental Policy<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Bannerman aims to conduct its activities in a manner which shows that we care for the environment<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Bannerman seeks to create a culture where its personnel and those of its contractors manage work-related environmental risks and seek to continuously improve their environmental performance. Bannerman is also subject to significant environmental regulation in respect to its evaluation and development activities. The Company\u2019s Environmental Policy aims to facilitate an appropriate standard of environmental care and to ensure that the Company is in compliance with applicable environmental legislation.<\/p>

Bannerman\u2019s approach is to be proactive in managing its environmental footprint through effective risk management, to care for the environment through leadership, cooperation, participation and consultation, to integrate its environmental management system into day-to-day operations, to continuously improve its environmental performance and to communicate regularly with stakeholders.<\/p>

Bannerman:<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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