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Governance
The Board and management of Drake Resources Ltd endorses and supports the implementation of the ten core principles of Good Corporate Governance and related Best Practice Recommendations issued by the ASX Corporate Governance Council as follows;

For complete disclosure of the Drake Resources Ltd Corporate Governance Plan, please click here...

1. Lay solid foundations for management and oversight
Recognise and publish the respective roles and responsibilitiesof board and management.

2. Structure the board to add value
Have a board of an effective composition, size and commitment to adequately discharge its responsibilities and duties.

3. Promote ethical and responsible decision-making
Actively promote ethical and responsible decision-making.

4. Safeguard integrity in financial reporting
Have a structure to independently verify and safeguard the integrity of the company’s financial reporting.

5. Make timely and balanced disclosure
Promote timely and balanced disclosure of all material matters concerning the company.

6. Respect the rights of shareholders
Respect the rights of shareholders and facilitate the effective exercise of those rights.

7. Recognise and manage risk
Establish a sound system of risk oversight and management and internal control.

8. Encourage enhanced performance
Fairly review and actively encourage enhanced board and management effectiveness.

9. Remunerate fairly and responsibly
Ensure that the level and composition of remuneration is sufficient and reasonable and that its relationship to corporate and individual performance is defined.

10. Recognise the legitimate interests of stakeholders
Recognise legal and other obligations to all legitimate stakeholders.