Corporate Governance

The Board is responsible for the overall Corporate Governance of the Company, and recognises the need for the highest standards of ethical behaviour and accountability.

Corporate Governance

The Directors of Tyranna Resources Limited (“Tyranna” or “the Company”) are committed to the implementation of the highest standards of corporate guidance. In determining what these standards should be, the Board references guidance and supports, where appropriate the Corporate Governance Principles and Recommendations (4th Edition Recommendations or ASX Recommendations”) established by the ASX Corporate Governance Council (the “Council”).

This statement outlines the key aspects of Tyranna’s governance framework and practices. The charters, policies and procedures are reviewed regularly and updated to comply with the law and best practice. This statement contains specific information and discloses the extent to which the Company intends to or is able to follow the 4th Edition Recommendations. The charters and policies of the Company can be viewed on the Company’s website http://www.tyrannaresources.com

The Council’s recommendations are not prescriptive and, if certain recommendations are not appropriate for the Company given its circumstances, it may elect not to adopt that particular practice in limited circumstances. The Company believes that during the reporting period ended 30 June 2021 its practices are largely consistent with those of the 4th Edition Recommendations and where they do not follow a recommendation this statement identifies those that have not been followed and details reason for the non-adherence. Even where there is deviation from the recommendations the Company continues to review and update its policies and practices in order that it keeps abreast of the growth of the Company, the broadening of its activities, current legislation and good practices.

The Corporate Governance Principles and Recommendations 4th Edition are:

  1. Lay solid foundations for management and oversight
  2. Structure the Board to be effective and add value
  3. Instil a culture of acting lawfully, ethically and responsibly
  4. Safeguard the integrity of corporate reports
  5. Make timely and balanced disclosure
  6. Respect the rights of the shareholders
  7. Recognise and manage risk
  8. Remunerate fairly and responsibility

 

The Corporate Governance statement reports on the main practices of Tyranna as at 30 June 2021 and has been approved by the Board.

Corporate Governance Statement

Corporate Governance and Policies Manual 

 

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