Mr Hutton has a Bachelor of Engineering (Mining) and has over 35 years' experience in the minerals industry. As a mining engineer working for Mt Isa Mines Ltd he gained experience with sub level caving techniques in the early years of his career. He has developed his skills through a number of corporate and consultative roles which has enabled him to become an expert in the fields of technical mining, metallurgical and exploration background to project management and executive management. He is currently a Director on the boards of both Kagara Limited (2003 ¨C to date) Drummond Gold Limited (2007 ¨C to date)
The Company expects to make key appointments to management post successful IPO and has already made approaches to some high calibre candidates. The Board and Managing Director of Mungana Goldmines are well regarded within the resources community and the project is of such quality that the Company expects to be in a position to attract candidates for key positions when required.
The Audit and Risk Committee is governed by the Audit Committee Charter. The Audit and Risk Committee has the role of assisting the Board in fulfilling its responsibilities for the Company's financial reporting and audit, internal control and financial risks and plans to meet at least [x] times per year to fulfil its responsibilities.
The Audit and Risk Committee is comprised of John Fitzgerald (Chairman), Ross Hutton and Managing Director Pat Scott. It is intended that the Chief Financial Officer will be invited to
attend meetings of the Audit and Risk Committee.
The Remuneration, Nomination and Governance Committee is governed by the Remuneration Committee Charter. The Remuneration, Nomination and Governance Committee has responsibility for reviewing the size and composition of the Board, making recommendations on remuneration of Directors and Senior Management, reviewing the Managing Directors performance and reviewing and implementing corporate governance policies and plans to meet at least [X] times per year.
The Remuneration and Governance Committee is comprised of three Non-Executive Directors, Ross Hutton (Chairman), John Fitzgerald and Joe Treacy.
The Company has in place corporate governance practices that are formally embodied in corporate governance policies and codes adopted by the Board (the Policies) The aim of the Policies are to ensure that the Company is effectively directed and managed, that risks are identified, monitored and assessed and that appropriate disclosures are made In preparing the Policies, the Directors considered the ASX Corporate Governance Council’s
Corporate Governance Principles and Recommendations!± (ASX Principles). The Board has decided to adopt these ASX Principles, subject to the departures noted below.