CORPORATE GOVERNANCE
In March 2003 the ASX Corporate Governance Council released its Principles of Good Corporate Governance and Best Practice Recommendations (“Recommendations”) that it believes will set an appropriate benchmark for the governance of Australian companies. Ten principles of corporate governance have been developed, supported by best practice and implementation recommendations. The Council has recognised that these Recommendations do not contain a “one size fits all” solution and that it will be necessary for companies to adopt a “fit for purpose” solution in the adoption of these practices.
The Company's Board of Directors has resolved to aspire to “best practice” in corporate governance and has adopted corporate governance practices that are commensurate with the size and scope of the Company and its activities as a junior explorer. Accordingly, the Company's policies, procedures and structures have been designed with the best interests of the Company and its shareholders in mind, and which are practical and efficient to implement, notwithstanding that these are not in all instances consistent with the specific recommendations of the ASX Corporate Governance Council.
The Company's policies and procedures are summarised in Adelphi's Corporate Governance Statement which has been structured to address the Company's compliance with the ASX Council's Recommendations.
Further information on the Company's procedures and policies are set out in the following documents (click or right-click and Save Target):