IGO Interactive Annual Report 2019

CORPORATE GOVERNANCE Working together to make a difference for all of our stakeholders by creating value through good corporate governance and fostering a culture we can be proud of. At IGO, we believe that excellence in corporate governance is essential for the long-term sustainability of the business and building long-term value for all our stakeholders and employees. To us this means making a difference for all our stakeholders. Whilst the Board of Directors is responsible for the Company’s corporate governance, we do not see governance as just a matter for the Board. We believe good governance is about doing the right thing and having the courage to stand up for what is right. It is the responsibility for all those who work at IGO to act ethically, with integrity and within the law, and this ethos is embedded throughout the organisation. Our governance framework supports our people to deliver our strategy and provides an integral role for effective and responsible decision making at IGO. The Board is responsible for promoting the success of the Group in a way which ensures that the interests of shareholders and stakeholders are promoted and protected. Its key functions are setting the long-term corporate strategy, reviewing and approving business plans and annual budgets, overseeing the risk management framework, approving material capital expenditure, approving financial statements, approving and monitoring the adherence to Company policies, developing and promoting corporate governance, and demonstrating, promoting and endorsing an ethical culture. To assist the Board to discharge its responsibilities, the Board has established the following committees: • Audit • Sustainability & Risk • People & Performance • Nomination & Governance Details of relevant qualifications and experience for all Committee members can be found on pages 34 and 35 of this annual report. Further information about the Committees can be found in the 2019 Corporate Governance Statement. The Company regularly reviews its governance arrangements and corporate governance policies to reflect the growth of the Company, current legislation and best practice. Further information about governance at IGO can be found in the Governance section of our website at www.igo.com.au as well as copies of our Corporate Governance Standards. 2019 CORPORATE GOVERNANCE STATEMENT The Company’s 2019 Corporate Governance Statement outlines the Company’s current corporate governance framework, by reference to the Corporate Governance Principles and Recommendations contained in the ASX Corporate Governance Council’s 3rd Edition of its Corporate Governance Principles and Recommendations (ASX Recommendations). During FY19, the Company’s corporate governance practices complied with all relevant ASX Recommendations. We are pleased that many of IGO’s governance practices are already in alignment with the new recommendations in the 4th Edition of the ASX Recommendations and following a full review of our corporate governance framework are confident that we will be able to early adopt the requirements of the 4th Edition for FY20. The Corporate Governance Statement is current as at 29 August 2019 and has been approved by the Board. This statement can be found in the Governance section of IGO’s website at http://www.igo.com.au/ site/our-business/governance, along with the ASX Appendix 4G, a checklist cross-referencing the ASX Recommendations to disclosures in the Corporate Governance Statement, the 2019 Annual Report and the Company website. 32 — IGO ANNUAL REPORT 2019