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The Company continues to maintain its high standards of corporate governance which is key to trust and transparency in our relationships with our stakeholders.
Since delisting in 2021, the Company has adopted the Wates Principles for Corporate Governance and we have continued to maintain our internal control framework, most of our policies and our Board Committees, the terms of reference for which remain largely as before.
Since the Company delisted and we transitioned from a public listed company to a private company we have maintained our purpose and our corporate values and we are committed to preserving our culture.
Our purpose is focused on the sustainable future that can be achieved through the supply of copper, and to support the global transition to a green economy, which is strongly linked to our strategy of growth in copper, to ensure the sustainability of our business for the future. We are investing to produce copper as efficiently as possible, developing and operating large scale, low cost copper mines.
Board
The Board is currently comprised of the Chair, Chief Executive Officer, and two non-executive Directors comprising the Group's President and one independent non-executive Director. There is a formal schedule of matters specifically reserved for the Board's decision which is reviewed regularly. The Board discharges some of its responsibilities directly and others through its Committees, which consider their relevant areas and any associated risks, and through management.
Management
The biographies of the executive management team can be found here.
Internal Control
The Group has strong internal controls which provide clear lines of accountability and responsibility and promote effective stewardship with strong risk management processes. The Internal Audit function provides independent assurance.
Group policies
The Group’s has established policies on Occupational Health, Safety and Sustainability, Anti-Bribery and Corruption, Modern Slavery, Human Rights and Diversity, which all remain in place.
Reporting
The Group will provide clear and transparent reporting to its stakeholders including on production, financial performance, sustainability and governance.
Values
We have an established a set of corporate values which are lived by our people and underpin our culture and behaviours: safety, long term efficiency, teamwork, professional development and integrity.
Stakeholders
Our main external stakeholders are our employees, lenders, customers, suppliers, governments and local communities and we aim to maintain strong relationships with them as we carry out our business.
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