Corporate governance

Coal & Allied's overriding corporate objective is to maximise long term shareholder value through responsibly and sustainable investing in mining and related assets.  The Directors recognise that creating shareholder value is reward for taking and accepting risk.

The Directors are committed to managing all sources of risk in a proactive and effective manner through competent risk management. This requires high quality risk analysis to allow appropriate management decisions to be taken at all levels in the company.

A number of systems are in place to identify and manage risk.  These include:

• The identification and regular review of all the significant business risks facing the company;
• The provision of information by management to the Board, on a periodic basis, as to the status of any plans, controls, policies, and/or procedures to manage the significant business risks;
• Guidelines for ensuring that capital expenditure and revenue commitments exceeding certain approved limits are placed before the Board for approval; and
• Limits and controls for all financial exposures, including the use of derivatives.