The Directors of Tamaska Oil & Gas Ltd are committed to good corporate governance, taking into account the Company's size and current activities, and as such has a range of policies and processes in place to ensure the rights of the Company and our shareholders are protected.
In 2014, the ASX Corporate Governance Council published the latest Corporate Governance Principles and Recommendations (3rd Edition) (ASX Principles and Recommendations) to ensure that these remain relevant to the Australian business and investment communities. A full summary of the ASX Principles and Recommendations can be viewed from the following link http://www.asx.com.au/governance/corporate-governance.htm
The Company’s Corporate Governance Statement is structured with reference to the ASX Principles and Recommendations. The ASX Recommendations and Principles are not prescriptive, rather they are guidelines designed to cover companies of all sizes and produce an outcome that is effective, of high quality and integrity. The Company's Board of Directors has reviewed the ASX Principles and Recommendations. In many cases the Company was already achieving the standard required. In a limited number of instances, the Company has determined not to comply with the standard set out in the ASX Principles and Recommendations, largely due to the standard being considered by the Board to be unduly onerous for a Company of this size with a small Board.
The ASX Corporate Governance Council encourages all companies to communicate openly with stakeholders via electronic methods. In accordance with this, all relevant Corporate Governance material is required to be made publicly available on the Company’s website in a clearly designated section. The links below will provide you access to information on the Company’s policies and procedures as required to be detailed by the ASX Principles and Recommendations.