"Corporate governance is the system by which companies are directed and managed. It influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised. Good corporate governance structures encourage companies to create value (through entrepreneurism, innovation, development and exploration) and provide accountability and control systems commensurate with the risks involved" (ASX Corporate Governance Council - March 2003).
XTEK LTD'S CORPORATE GOVERNANCE STRUCTURE
Using the ASX Corporate Governance Council's Principals of Good Corporate Governance and Best Practice Recommendations as a guideline, XTEK LTD has produced the Corporate Governance Policies as detailed below: