West African Resources has corporate governance practices in place (‘the policies’) that have been adopted by the Board. The aim of the policies is to ensure that the Company is effectively directed and managed, risks are identified, monitored and assessed and that appropriate disclosures are made.
We regularly review our governance arrangements as well as developments in market practice, expectations and regulation. We have early-adopted the third edition of the ASX Corporate Governance Principles and Recommendations (‘3rd Edition Recommendations) and have reviewed and updated our governance and reporting practices to reflect this. The directors incorporated the ASX principles into the policies to the extent that they were appropriate, taking into account the company’s size, the structure of the Board, its resources and its proposed activities.
The 2018/2019 corporate governance statement is provided below, together with copies of our Board and Board Committee Charters and some of our key policies. The ASX Appendix /G, which is a checklist cross-referencing the 3rd Edition Recommendations to the relevant disclosures in our corporate governance statement, has been lodged on the ASX together with the Corporate Governance Statement.