The Directors of Alcyone Resources Ltd (‘Alcyone’) (formerly Macmin Silver Ltd) support the establishment and ongoing development of good corporate governance for the Company.
Alcyone has adopted systems of control and accountability as the basis for the administration of corporate governance. These policies and procedures are summarised below. The Board of the Company has made it a priority to administer the policies and procedures with openness and integrity, pursuing the true spirit of corporate governance commensurate with the Company’s needs.
The Board and management are committed to corporate governance and, to the extent they are applicable to the Company, have adopted the Eight Essential Corporate Governance Principles and each of the Best Practice Recommendations as published by ASX Corporate Governance Council ("ASX Principles and Recommendations").
In accordance with the recommendations of the ASX, information published on the Company’s website includes:
This Statement sets out the corporate governance practices in place during the course of the financial year and as at the date of this report, which comply with the recommendations of the Corporate Governance Council unless otherwise stated. It should be noted that during the period 3 November 2008 to 13 October 2009 the Company was in voluntary administration and the powers of Directors suspended...