text: In March 2014, the ASX Corporate Governance Council release the 3rd edition of the*Corporate Governance Principles and*
  *Recommendations*, which applies to ASX listed companies in respect of their first full financial year commencing on or after 1 
  July 2014. Accordingly, the 3rd edition of the Corporate Governance Principles and Recommendations will apply to Sundance for 
  its financial year ended 31 December 2015. Sundance will report its compliance against those recommendations in the 
  Company’s Corporate Governance Statement for fiscal year 2015. 
  
  During fiscal year 2014, the Company’s corporate governance practices and policies discussed below have complied with those 
  outlined in the*Corporate Governance Principles and Recommendations*(2nd Edition), except as noted otherwise. 
  
  **Principle 1: Lay Solid Foundations for Management and Oversight**
  
  The respective roles and responsibilities of the Board and management, including those matter expressly reserved to the Board, 
  are set out in the Board Charter, which is available in the corporate governance section of Sundance’s website. 
  
  **1.1 Roles and Responsibilities**
  The Board is responsible for the corporate governance of the Company, including the setting and monitoring of objectives, goals 
  and corporate strategy. Management is responsible for the implementation of the strategy and running the day to day business 
  of the Company’s affairs. 