Kingsgate Consolidated Limited (the Company) and the Board are committed to achieving and demonstrating the highest standards of corporate governance. The Company’s framework is largely consistent with the ASX Corporate Governance Council’s “Principles of Good Corporate Governance and Best Practice Recommendations”. The Company and its controlled entities together are referred to as the Group or Consolidated Entity in this statement.

The relationship between the Board and senior management is critical to the Group’s long term success. The Directors are responsible to shareholders for the performance of the Company in both the short and the long term and seek to balance sometimes competing objectives in the best interests of the Group as a whole. The focus of the Directors is to enhance the interests of shareholders and other key stakeholders and to ensure the Group is properly managed.

Day to day management of the Group’s affairs and the implementation of the corporate strategy and policy initiatives are formally delegated by the Board to the Chief Executive Officer and senior executives as set out in the Group’s delegations policy. These delegations are reviewed on an annual basis.

This Corporate Governance statement outlines the key components of Kingsgate’s governance framework.

Shareholders
Shareholders play an important part in the governance of the Group by electing the Board, whose task it is to govern on their behalf. In carrying out this role, the Board recognises that shareholders must receive timely and relevant information of the highest standard. The Board oversees the protocols for investor and media relations with a view to facilitating an efficient, competitive and informed market.

Kingsgate is a publicly listed entity on the Australian Stock Exchange and is subject to continuous disclosure obligations. In general terms, these obligations require the Company to notify the market immediately of any information which a reasonable person would expect to have a material effect on, or lead to a substantial movement in, the price or value of its securities.

In order to meet these objectives and satisfy regulatory requirements, the Board provides information to shareholders and the market in several ways:

• Significant announcements are released directly to the market via the Australian Stock Exchange and are placed on the Company web site
• The Kingsgate web site (www.kingsgate.com.au) contains further information about the Group and its activities, including Annual, Interim and Quarterly Reports, and media presentations
• From time to time, investment briefings are conducted in order to promote a better understanding of the Group
• Site visits are also arranged to give those who advise investors a better understanding of the Group’s operating facilities and exploration prospects
• The Annual General Meeting provides an opportunity for the Board to communicate with investors directly