The Company has adopted comprehensive systems of control and accountability as the basis for the administration of corporate governance. The Board is committed to administering the policies and procedures with openness and integrity; pursuing the true spirit of corporate governance.
The Board and management have, to the extent that they are applicable to the company, adopted the 10 Essential Corporate Governance Principles and each of the Best Practice Recommendations as published by the ASX Corporate Governance Council (ASX Principles and Recommendations).
As an Australian incorporated company, Coal of Africa must comply with [the Australian Corporations Act 2001 (Cth)]. The Company is not subject to the UK City code on Takeovers and Mergers.