Corporate Governance

Tangiers Petroleum Limited, through its Board and its executives, recognises the need to establish and maintain corporate governance policies and practices. The company is committed to maintaining high standards of corporate governance and the following policies and practices will remain under constant review.

Charters

Board Charter

The Board Charter summarises the role, responsibilities, policies and processes of the Board of Tangiers Petroleum Limited and comments on the Board’s approach to corporate governance. It is supplemented by the Board Code of Conduct.
Board Charter PDF

Board Code of Conduct

The Board has a responsibility to set the ethical tone and standards of the company. A Code of Conduct, supported by appropriate training and monitoring of compliance with the Code, is effective in guiding the behaviour of Directors, senior executives and employees and demonstrating the commitment of the company to ethical practices.
Board Code of Conduct PDF

Audit Committee Charter

The existence of an independent Audit Committee is recognised internationally as a vital feature of good corporate governance. An Audit Committee is effectual for focusing on issues relevant to the integrity of the company’s financial reporting. Given the size of the Company, the Company does not have a separate Audit Committee and the role is completed by the full Board.
Audit Committee Charter PDF

Remuneration and Nomination Committee Charter

A formal and transparent process for the selection and appointment of Directors as well as a clear relationship between performance and remuneration, helps promote investor understanding and confidence. A Remuneration and Nomination Committee is an efficient mechanism for examination of the selection and appointment procedures of the company and focusing the company on appropriate remuneration policies. The Company does not have formal Remuneration or Nomination Committees. The full Board attends to the matters normally attended to by a Remuneration Committee and a Nomination Committee. Given the composition of the Board and the size of the Company, it is felt that individual committees are not yet warranted, however, it is expected that as the Company’s operations expand that each of these committees will be established. Remuneration levels are set by the Company in accordance with industry standards to attract suitable qualified and experienced Directors and senior executives.
Remuneration and Nominations Committee Charter PDF

Key Policies

Risk Management Policy

An important facet of prudent corporate management is the identification of risks facing the operations of the company and the management strategy to limit the extent of those risks.

Various risks have been identified by Tangiers Petroleum Limited and strategies to combat these risks are outlined in the Risk Management Policy.
Risk Management Policy PDF

Securities Trading Policy

Tangiers Petroleum Limited is committed to ensuring that public confidence is maintained in Tangiers, its personnel and the trading of its securities.

The purpose of this policy is to assist the Directors and employees of Tangiers to comply with their legal obligations relating to dealings in securities while they are in possession of non-public, price sensitive information.
Securities Trading Policy PDF

Continuous Disclosure Policy

The purpose of the Continuous Disclosure Policy is to summarise the policies and the processes of the Board of Tangiers Petroleum Limited in relation to the release of ASX announcements (and media releases) to ensure compliance with the ASX Listing Rule disclosure requirements and to ensure accountability for that compliance. In particular this policy includes vetting and authorisation processes designed to ensure company announcements are timely, factual, complete, and expressed in a clear and objective manner.
Continuous Disclosure Policy PDF

Diversity Policy

The Company’s Diversity Policy sets out the Company’s goals and approach to improving diversity within the Company and the anticipated benefits that such diversity brings to the Company’s business.
Diversity Policy PDF

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