Goldstone Resources

CORPORATE GOVERNANCE

The Directors acknowledge the importance of the Combined Code on Corporate Governance (a copy of which is downloadable from the Company Reports/Documents page) and apply its principles so far as is practicable and appropriate to a company of the size and nature of GoldStone.

The Company has appointed Sir Michael Oliver as its Non-Executive Chairman. Sir Michael is the only member of the Audit Committee and the Remuneration Committee.

The Audit Committee receives and reviews reports from management and the Company’s auditors relating to the annual and interim accounts and the accounting and internal control systems of the Company. The Audit Committee has unrestricted access to the Company’s external auditors.

The Remuneration Committee reviews the scale and structure of the Executive Directors’ remuneration and the terms of their service contracts. The remuneration and terms and conditions of appointment of the Non-Executive Chairman are set by the Board.

Tel: +27 (0)21 794 4004 | Fax: +27 (0)21 794 4068 | Email:
Ground Floor, PSG House, Alphen Office Park, Constantia Main Rd, Constantia, 7806, South Africa
Registered Address: Heron House, L'Avenue de la Commune, St Peter, Jersey, JE4 8XB, Channel Islands