Corporate Governance
The primary role of the Aspermont Board is the protection and enhancement of long-term shareholder value. The board is accountable to shareholders for the performance of the company. It directs and monitors the business and affairs of the company on behalf of shareholders and is responsible for the company’s overall corporate governance.
Responsibility for managing, directing and promoting the profitable operation and development of the company, consistent with the primary objective of enhancing long term shareholder value, is delegated to the Managing Director and Chief Executive Officer who are accountable to the board.
In March 2004 the Australian Stock Exchange Corporate Governance Council released its Principles of Good Governance and Best Practice Recommendations. The board has continued to review the recommendations and in many cases the company continues to achieve the standard required. In some cases the company has not met the recommendations due to these being unduly onerous for a company of this size and its current business development phase.
During the 2005-06 financial year the company has complied with the ASX Principles and Recommendations other than in relation to the matters set out below.
The primary role of the Aspermont Board is the protection and enhancement of long-term shareholder value. The board is accountable to shareholders for the performance of the company. It directs and monitors the business and affairs of the company on behalf of shareholders and is responsible for the company’s overall corporate governance.
Responsibility for managing, directing and promoting the profitable operation and development of the company, consistent with the primary objective of enhancing long term shareholder value, is delegated to the Managing Director and Chief Executive Officer who are accountable to the board.
In March 2004 the Australian Stock Exchange Corporate Governance Council released its Principles of Good Governance and Best Practice Recommendations. The board has continued to review the recommendations and in many cases the company continues to achieve the standard required. In some cases the company has not met the recommendations due to these being unduly onerous for a company of this size and its current business development phase.
During the 2005-06 financial year the company has complied with the ASX Principles and Recommendations other than in relation to the matters set out below.