The Board is committed to generating shareholder value and financial return by developing a successful oil and gas company.
The Board is working to ensure that Larus Energy is properly managed and operates in an appropriate framework of corporate governance. The policies set out below have been adopted in anticipation of Larus Energy’s ASX listing at some time in the future.
The key principles underlying Larus Energy’s corporate governance policies are those suggested by the ASX Corporate Governance Principles and Recommendations. The Board has adopted the ASX Corporate Governance Principles and Recommendations as far as is practical, given the size of Larus Energy and its current circumstances, including that it is not currently listed.
Consistent with ASX Listing Rule 4.10.3, Larus Energy will report in its annual report its compliance with the ASX Corporate Governance Principles and Recommendations. Where the Board considers that corporate governance principles are best implemented by an approach other than recommended by the ASX Corporate Governance Principles and Recommendations, this will be disclosed together with its reasons for its position.
The following have been adopted: