Corporate Governance

The directors are responsible for the corporate governance practices of the company and support the ASX Corporate Governance Council's principles of good corporate governance and best practice recommendations.

However, in fulfilling its obligations and responsibilities to its various stakeholders, the board believes that certain of these principals and recommendations are not practical for a company of LongReach's size, maturity and resourcing.

During the period since the 2004 annual report was published, the board has further developed and refined its corporate governance practises and has formally adopted various policies and charters in line with the ASX recommendations. These policies and charters are set out below.

Board Charter

Code of Conduct

Code of Ethics

Share Trading Policy

Continuous Disclosure Policy

Shareholder Communications Policy

Performance Evaluation Policy

Audit and Risk Management Charter

Nomination Committee Charter

Remuneration Committee Charter