The Board is responsible for the operational and financial performance of the Company, including its corporate governance. The Board has adopted a corporate governance framework for the Company which is underpinned by the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations (2nd Edition) applicable to ASX-listed entities.

The Board is committed to administering its Corporate Governance structures to promote integrity and responsible decision-making and includes:

• Lay solid foundations for management and oversight
• Structure the board to add value
• Promote ethical and responsible decision making
• Safeguard integrity in financial reporting
• Make timely and balanced disclosure
• Respect the rights of shareholders
• Recognise and manage risk
• Remunerate fairly and responsibly

The Board will consider on an ongoing basis its Corporate Governance procedures and whether these are sufficient given the Company's nature of operations and size.