Principles of Best Practice Recommendations
Range has adopted appropriate systems of control and accountability as the basis for the administration of corporate governance. The Board has adopted corporate governance policies and practices consistent with the ASX Corporate Governance Council’s Principles of Good Corporate Governance and Best Practice Recommendations (ASX Principles and Recommendations 3rd Edition), considered appropriate for the Group of Range’s size and nature.
Where the Company’s corporate governance practices follow a recommendation, the Board has made appropriate statements reporting on the adoption of the recommendation. Where, after due consideration, the Company’s corporate governance practices depart from a recommendation, the Board has offered full disclosure and reason for the adoption of its own practice.
In accordance with ASX Listing Rule 4.10.3, Range is required to disclose the extent to which it has followed the Principles of Good Corporate Governance and Best Practice Recommendations during the financial year, through its corporate governance statement in the Company’s Annual Report. Where the Company has not followed a recommendation, reasons why they haven’t been adopted are given.
The corporate governance practices disclosed by Range in the corporate governance statement are in place throughout the reporting year.