The primary responsibility of the Board of Credo Resources Limited ("The Company") is to represent and advance Shareholders' interests and to protect the interests of stakeholders.
To fulfil this role the Board is responsible for the overall corporate governance of the Company including its strategic direction, establishing goals for management and monitoring the achievement of these goals.
The Board recognises the need for the Company to operate with the highest standards of behaviour and accountability. The Company seeks to follow the best practice recommendations for listed companies as outlined in ASX Corporate Governance Council's Principles of Good Corporate Governance and Best Practice Recommendations where appropriate for its size and the complexity of its operations.
The Company considers that its present size and scope of activities do not justify the establishment of any special or separate Board committees, including audit, remuneration or nomination committees, preferring at this stage to manage the Company through the full Board of Directors. As the Company's activities increase in size, scope and/or nature the Company's corporate governance principles will be reviewed by the Board and amended as appropriate.