Page 76 - Sundance Resources Ltd Annual Report 2013

74 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013
corporate government
statement (continued)
FOR THE YEAR ENDED 30 JUNE 2013
PRINCIPLE 4: SAFEGUARDING INTEGRITY IN FINANCIAL REPORTING
Audit & Risk Management Committee
The Board has established an Audit & Risk Management Committee, with a Charter that sets out its roles,
responsibilities, composition, structure and membership requirements. A copy of the Charter is on the Company’s
website.
The Audit & Risk Management Committee currently has three members, being:
Ms Fiona Harris (Chairman of the Audit & Risk Management Committee);
Mr Michael Blakiston; and
Mr Barry Eldridge
All members of the Audit & Risk Management Committee are non-executive directors, and a majority are
independent non-executive directors. The Chairman, Ms Fiona Harris, is an independent non-executive director
who is not the Chairman of the Board.
Each board member has access to the external auditors and the auditor has access to each board member
and members of management.
CORPORATE GOVERNANCE PRINCIPLES
AND RECOMMENDATIONS (continued)
PRINCIPLE 3: PROMOTION OF ETHICAL AND RESPONSIBLE DECISION-MAKING
Securities Trading
The Company has adopted a Securities Trading Policy, a copy of which is available on the Company’s website.
Directors are required to make disclosure of any trading in the Company’s securities. The Company policy in relation
to securities trading is that officers are prohibited from trading whilst in possession of potential or actual inside
information concerning the Company or during designated ‘blackout periods’ throughout the year. All directors are
required to discuss any proposal to acquire or sell securities with the Chairman, Chief Executive Officer and the
Company Secretary prior to doing so to ensure that there is no price sensitive information of which that director
might not be aware. The undertaking of any trading in securities by directors must be notified to the ASX.
Diversity
The Company has established a Diversity Policy, a copy of which is available on the Company’s website, which
includes a requirement for the Board to establish measurable diversity objectives. The Diversity Policy was reviewed
by the Nomination and Remuneration Committee, and subsequently reviewed and approved by the full Board.
The Board approved 2012-2013 diversity objectives, and the progress made toward achieving them, is
detailed below;
To maintain, or improve the August 2012 level of female participation across the company
2012 2013
Whole Organisation 27% 22%
Senior Executives 13% 14%
Board of Directors 20% 20%
For all recruitment of positions over banding level 5, we will aim to have a minimum of one female
candidate as part of the selection pool.
Over the reporting period there were two recruitment cases which were above banding level 5. Both of these
roles were managed through an international executive search agency. For both roles, the agency was briefed on
Sundance’s aim to have at least one suitable female candidate possessing the required skills and experience to
be considered for each position. Unfortunately, in both instances, the agency was not able to source female
candidates fitting the requirements of the positions.
The Board has resolved to maintain the diversity objectives as set for the previous year for the coming period
of 2013-2014.