text: **12 ASX CORPORATE GOVERNANCE COUNCIL BEST PRACTICE RECOMMENDATIONS**
  
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              [html]<thead><tr><td></td><td>ATE GOVERNANCE COUNCIL BEST PRACTICE RECOHINENDATIONS ASX Principle</td><td>Reference</td><td>Compliance</td></tr></thead><tbody><tr><td>Participants ’ and fundation for measurement and needs</td><td>1.1</td><td></td><td></td></tr><tr><td>Formatise and disclose the functions reserved to the Board and those delegated to management.</td><td>2.1</td><td>Comply</td><td>Principle 2 : Structure to the lood to add villar</td></tr><tr><tdcolspan="4">2.1</td></tr><tr><td>A majority of the Board should be independent Directors.</td><td>2.3</td><td>Comply</td><td>2.2</td></tr><tr><td>The chairperson should be an independent. Director.</td><td>2.3</td><td>Comply</td><td>2.3</td></tr><tr><td>The roles of chairperson and chief executive officer should not be exercised by the same individual.</td><td>2.3</td><td>Comply</td><td>2.4</td></tr><tr><td>The Board should establish a Nomination Committee.</td><td>2.2 ; 2.4</td><td>Comply</td><td>2.5</td></tr><tr><td>Provide the information indicated in guide to reporting on Principle 2.</td><td>2.3 : 2.4 ; 4 : 5 ; 7 : Details of Board Member ' s Experience page 41 ; Details of Directors ' Meetings, Item 1 of the Directors ' Statutory Report page 47.</td><td>Comply</td><td>Principle 3 : Primite eithical and resonsible decision - making</td></tr><tr><tdcolspan="4">3.1</td></tr><tr><td>Establish a code of conduct to guide the Directors, the chief executive officer ( or equivalent ), the chief financial officer ( or equivalent ) and any other key executives as to :</td><td>9</td><td>Comply</td><td>3.1. 1 the practices necessary to maintain confidence in the Company ’ s integrity ; and 3.1. 2 the responsibility and accountability of individuals for reporting and investigating reports of unethical practices.</td></tr><tr><td>3.2</td><td>Disclase the policy concerning trading in Company securities by Directors, officers and employees.</td><td>10</td><td>Comply</td></tr><tr><td>3.3</td><td>Provide the information indicated in Guide to reporting on Principle 3.</td><td>9.10</td><td>Comply</td></tr><tr><td>Principle Nursing Safegard interphy in francial reporting</td><td>4.1</td><td>Require the chird executive sefficer ( or epivalent ) and the chird financial sefficer ( or equivalent ) to state in writing to the Board that the Campany ’ s financial reports present a true and for view, in all material respects, of the Compe</td><td>6.2</td></tr><tr><tdcolspan="4">Comply</td></tr><tr><td>4.2</td><td>The Board should establish an Audit Committee.</td><td>6</td><td>Comply</td></tr><tr><td>4.3</td><td>Structure the Audit Correlities within 8 correlitis of : only non - executive Brectors ;• a majority of independent Directors ;• an independent chargence of an independent chargence, who Is not chairpence of the HIV tools • Independent in</td><td>6.1</td><td>Comply</td></tr><tr></tr><tr></tr></tbody>
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