Corporate Governance

As an integral part of its preparations to list on the Australian Securities Exchange (ASX), the Company has considered and set up a framework for embracing the ASX Principles of Good Corporate Governance and Best Practice Recommendations (Recommendations). The Company has followed each of the Recommendations where the Board has considered the practices appropriate, taking into account factors such as size of the Company and the Board, the resources available to the Company and the activities of the Company. Where, after due consideration the Company's corporate governance policies depart from the Recommendations, the Board has outlined the nature of, and reason for, the adoption of its own practice.

Further information about the Company's corporate governance practices is available on the Company's web site at www.empired.com.

The Board sets out below its "if not why not" report in relation to those matters of corporate governance where the Company's practices depart from the Recommendations. It is noted that given that the Company has only recently been incorporated, some of the Recommendations have not yet been applicable to the Company (i.e. annual reporting requirements), however these will be considered by the Board as required. As the Company's activities develop in size, nature and scope, further consideration will be given by the Board to the implementation of additional corporate governance structures.

Download » Code of Conduct (64.11 Kb) If not, why not.