Governance
MinRes encourages and supports a culture of safe and ethical behaviour, prioritising integrity and respect, which we believe is essential to achieve long-term growth sustainable shareholder value.
We’re building innovative solutions to make our operations more sustainable, environmentally considered and energy efficient.
We strive to make a difference through our leadership in mining services and operations, encouraging responsible business practices, recognising the importance of sustainability and acting in a manner that enhances our social licence to operate.
Our governance practices
As a Western Australian based company, MinRes' operations are governed by Federal and State government legislation which promotes fair-trading and competition while protecting the environment and the community.
Our corporate governance practices - which set the rules, relationships, systems, and processes by which MinRes is directed and controlled - are core to our stable operating environment.
Good governance supports us to actively and effectively manage our exposure to governance risks and opportunities, encouraging strong business performance and investor confidence.
More information is available in our 2024 Corporate Governance Statement (PDF, 8.4MB).
Corporate governance framework
Our corporate governance framework provides the structure for effective oversight and accountability, with the integrated approach of incorporating stakeholder perspectives in our long-term management and decision-making processes.
Our committees
The Board has six established sub-committees which operate on a recommendation basis.
Chair: Xi Xi
Members: Colleen Hayward, James McClements
Assists the Board in fulfilling its responsibilities in providing oversight to accounting and reporting practices, risk identification and management, internal and external audit functions, treasury and capital management practices, taxation practices and compliance with applicable legal and regulatory requirements.
Chair: Malcolm Bundey
Members: James McClements, Justin Langer, Xi Xi
The Ethics and Governance Committee assists the Board by advising on the most suitable governance and ethical practices and processes for adoption by the Company, to align with its values and support sustained value creation for shareholders.
Chair: Zimi Meka
Members: James McClements, Justin Langer
Provides assistance and recommendations to the Board to ensure the best possible Directors are selected, appointed to the Board and retained.
It also assists with providing advice on the appointment and succession of the Managing Director.
Chair: James McClements
Members: Colleen Hayward, Justin Langer
Provides assistance and recommendations to the Board in fulfilling its responsibilities to oversee the overall remuneration strategy of the Company and its specific application to the Managing Director, Key Management Personnel and Non-Executive Directors.
The Remuneration and People Committee also reviews and makes recommendations to the Board on diversity within the company, measurable objectives for achieving diversity and progress against such objectives.
Members: Colleen Hayward, Justin Langer
Assists the Board in fulfilling its responsibilities overseeing the MinRes' material sustainability related matters including but not limited to:
- occupational health, wellbeing and safety
- labour practices and human rights, including modern slavery
- diversity and inclusion
- community development and engagement, including engagement with Indigenous Australians, reconciliation initiatives and relationships with the communities in which we operate
- protection of cultural heritage
- responsible supply chain management
- environmental stewardship including the management of water resources, biodiversity, waste, air quality, land reclamation and closure and tailings facility management
- climate change.
Members: Zimi Meka, Xi Xi
This Committee assists the Board in fulfilling its responsibilities in overseeing the development and advancement of the Company’s mining assets. The Committee is responsible for overseeing technical matters relating to the exploration, development, planning, construction, operation, closure and rehabilitation of MinRes’ mining operations and assets.