Corporate Governance

Corporate Governance Statement

The Board of Directors of the Company ("the Board") is responsible for the corporate overnance of the Company and is committed to achieving and demonstrating the highest standards of corporate governance. The Board acknowledges and seeks to embrace the Corporate Governance Principles set by the Australian Securities Exchange (ASX) and continues to review the framework and its practices to ensure they meet the interests of shareholders.


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Corporate Governance Statement.pdf
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Corporate Governance Policies

Policy Description View
Board Charter

The purpose of this Charter is to specify how the Company is governed so as to promote the Company and protect the interests of shareholders.

The Board is responsible for the governance of the Company. This Charter sets out the role and responsibilities of the Board, which responsibilities are delegated to committees of the Board or to management, as well as the membership and the operation of the Board.

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Board Charter.pdf
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Nomination Committee Charter

The Nomination Committee ("the Committee") is comprised of the full Board. This Charter sets out the role and responsibilities of the Committee.

The Nomination Committee is responsible for the selection and appointment of new directors and oversees the re-election of incumbent directors.

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Nomination Committee Charter.pdf
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Remuneration Committee Charter

The Board has established a Remuneration Committee ("the Committee") which works within the Remuneration Committee Charter.

The Remuneration Committee is comprised of Mr O'Rourke (Chair), Mr Duncan and Mr Kinghorn.

Remuneration of directors and senior executives is reviewed by the Committee and the Board generally.

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Remuneration Committee Charter.pdf
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540KB
Audit and Risk Committee Charter

The Board has established an Audit and Risk Management Committee (“the Committee”) to act on behalf of the Board to oversee all material aspects of the company’s financial reporting, control, risk management and audit functions, except those specifically related to the responsibilities of any other standing committee of the Board.

The Committee is comprised of Mr Cubbin (Chair), Mr Duncan and Mr O'Rourke.

The Committee’s role includes evaluating the qualitative aspects of financial reporting to shareholders, the Company’s processes for the management of business and financial risks, and for compliance with significant applicable legal, ethical, and regulatory requirements.

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Audit and Risk Committee Charter.pdf
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280KB
Disclosure and Communication Policy

The Company is committed to the objective of promoting investor confidence and the rights of shareholders by: complying with the continuous disclosure obligations imposed by law; ensuring that company announcements are presented in a factual, clear and balanced way; ensuring that all shareholders have equal and timely access to material information concerning the Company; and communicating effectively with shareholders and making it easy for them to participate in general meetings.

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Disclosure and Communication Policy.pdf
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130KB
Disclosure and materiality guidelines for officers and employees Policy

These guidelines are to assist WEC officers and employees
understand and comply with the Company’s disclosure and communication policy (“Policy”), its disclosure obligations imposed by ASX Limited (“ASX”) under its Listing Rules (“ASX Listing Rules”) and its obligations under the Corporations Act 2001 (Cwlth).

It also assists officers and employees comply with the Company’s internal reporting processes and controls; and understand what can happen if disclosure obligations are breached.

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Disclosure and materiality guidelines for officers and employees Policy.pdf
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135KB
Risk Management Policy

A sound framework of risk oversight, risk management and internal control is fundamental to good corporate governance. It underpins reliable financial reporting, compliance with relevant laws and regulations, and effective and efficient operations.

Managing material business risks is the responsibility of everyone in the company, however specific accountability is reflected in the company’s structure and organisational chart and these accountabilities are clearly defined in this document.

Risk management is something management considers every day as part of their job. By integrating risk management with existing company processes, management can ensure the efficient use of resources and therefore reduce the potential for duplication of effort when working to reduce risk levels. Another key benefit of integration is that it helps ensure that the risk management process itself is appropriately resourced and remains relevant and sustainable.

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Risk Management Policy.pdf
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120KB
Diversity Policy The Diversity Policy provides a guideline on diversity and how to treat employess under relevant legislation. Download the full policy »
Diversity Policy.pdf
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125KB
Share Trading Policy This Share Trading Policy summarises the law relating to insider trading and sets out the Company’s trading policy on buying and selling shares, options or derivatives (“Securities”) of the Company. Download the full policy »
Share Trading Policy.pdf
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125KB
Code of Conduct

This Code of Conduct (“Code”) sets out the ethical standards and rules of the Company and provides a framework for how the Company will operate its business in a manner that will protect its stakeholders.

The Board and management believe that the Company’s commitment to this Code will maintain the confidence of the Company’s key stakeholders.

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Code of Conduct.pdf
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110KB
White Energy Company Constitution The constitution of White Energy Company Limited is available for download. Formerly Spike Networks Limited and Amerod Resources Limited Download the full policy »
White Energy Company Constitution.pdf
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2400KB