Essential Petroleum Resources Limited EPRL
ASX Share Price
  Corporate Governance Policy  
 

The Directors are responsible for the corporate governance of Essential Petroleum and for protecting the rights and interests of shareholders. The Board, when appointing committees, will determine the terms of reference and reporting accountability. In general terms, all committees will be responsible to the Board which will ratify committee findings and decisions.

It is the policy of the Board to maintain at least a balance of executive and non–executive Directors and implement a number of corporate governance practices through the following specialist committees:

Audit and Compliance Committee
This Committee is chaired by Mr J W Cornelius, and comprises non-executive director Mr G R Higgins and Mr C Bryan of BDO, the Company’s external auditor.

 
Remuneration and Benefits Committee
This Committee comprises Mr J W Cornelius and Mr G R Higgins and reviews remuneration packages and policies. It also seeks external advice, as required, and monitors practices of similar companies.
Governance Committee
This Committee comprises Mr J W Cornelius, Mr G R Higgins and Mr J G Remfry and is responsible for reviewing the effectiveness and structure of the Board and the nature and the probity of management practices and disclosures.
 
Environment and Cultural Heritage Committee
This committee comprises Mr J W Cornelius, Mr J G Remfry and Mr Allan Bremner of Bremner Corporation and reviews the Company’s compliance and practice with respect to Environmental and Cultural Heritage obligations and responsibilities.
 
Other Committees
From time to time, additional ad hoc or permanent committees will be appointed to overview functions or make findings on behalf of the Company.
 
 
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