The Board of Directors of Empire Oil & Gas NL (Empire) is responsible for the corporate governance of the Company. The Board guides and monitors the business and affairs of the Company on behalf of the shareholders by whom they are elected and to whom they are accountable.
This statement outlines the key aspects of Empire’s governance framework and its principal governance practices. Charters, policies and procedures are reviewed on a regular basis and, if necessary, updated to comply with the law and best practice. Empire is committed to applying the ASX Corporate Governance Council’s Corporate Governance Principles (3rd Edition) (ASX Principles and Recommendations) where the Board has considered this appropriate. Where, after due consideration, the Company’s corporate governance practices depart from the ASX Principles and Recommendations the Board has provided full disclosure of the nature of, and reason for, the adoption of its own practice.
This Corporate Governance Statement was approved by the Board and is current as at 30 September 2016.