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Company
Directory | Directors | Corporate
Governance
| Shareholder Information | Notice
of General Meetings
CORPORATE
Corporate Governance
The Board of Medusa Mining Limited
("Medusa" or the "Company") is responsible for
the creation and protection of shareholder wealth and has
established a corporate governance structure, that incorporates
comprehensive systems of control and accountability as the basis for
the proper administration of corporate governance.
The Company endorses the Australian Stock Exchange
Corporate Governance Council's ("Council's") Principles of
Good Corporate Governance and Best Practices Recommendations
("Recommendations") published in March 2003. Unless
otherwise stated, Medusa has in place corporate governance
practices, which comply with the Council's Recommendation.
At Medusa, the Board maintains and ensures that
management maintains, the highest level of corporate ethics and as
such, the various policies, charters and codes, located within the
Corporate Governance section of this website will be reviewed and
updated (if considered necessary) on a regular basis.
The following policies, charters and codes were
adopted by the Board on 14 March 2006
Code of Conduct
The Code of Conduct which must be observed by all
Directors, employees, consultants and any other person when they
represent Medusa, governs the commercial aspects of Medusa's
business activities.
Continuous Disclosure Policy
This is a formal policy designed to ensure
compliance by all employees of Medusa within the relevant provisions
of the Corporations Act and ASX Listing Rules.
Committee Charters
The Audit Committee Charter is designed to assist
the Board in fulfilling its corporate governance responsibilities in
respect to legal and regulatory obligations, establishment and
maintenance of internal control, reliability and integrity of
financial information and audit, accounting and financial
obligations.
The Audit Committee was established on 17 November
2009 and comprises non executive directors as follows:
The Remuneration Committee Charter is designed to
assist the Board in fulfilling its corporate governanace
responsibilities with respect to remuneration.
The Remuneration Committee was established on 18
November 2009 and comprises non executive directors as follows:
The Board believes the Economic Entity is not of a
size to justify the establishment of a Nomination Committee.
Notwithstanding its reasons for not establishing a
Nomination Committee, the Board resolved that it would be
nevertheless beneficial to adopt and implement a formal Charter that
clearly sets out the role and responsibilities, composition,
structure and membership requirements of the Committee.
All matters which might properly be dealt with by a
Nomination Committee are considered at full Board of Directors
meetings.
Shareholder Communications Policy
This policy designed to promote effective
communication with shareholders and encourage effective
participation at General Meetings.
Other Information
Additional Corporate Governance related material is
available in the following sections of Medusa's website:
Newsroom:
ASX Reports
Corporate:
Implementation of Policies
The Company is not of sufficient scale or size
to implement all policies through formal meetings and to
report on the results of the implementation of the policies by
written reports.
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