We are a new company comprised of a team of outstanding infrastructure mining, metallurgical, financial and environmental professionals...
Description of business
The company’s goal is to create value for our stakeholders through effective management of available resources. To deliver in-programme management expertise and technical knowhow by providing the best professional team resources possible to achieve success in a commodity driven market.
Corporate Governance Code
The maintenance of a strong system of internal control to safeguard shareholders, investments and company assets remains important to the Board. The company will seek to comply with the Quoted Companies Alliance’s Corporate Governance Code (“the QCA Code”). The Board has assumed responsibility for ensuring that the Company has appropriate corporate governance standards in place and that these requirements are followed and applied within the Company as a whole.
The corporate governance arrangements that the Board has adopted are designed to ensure that the Company delivers long term value to its shareholders and that shareholders can express their views and expectations for the Company in a manner that encourages open dialogue with the Board.
The QCA Code has 10 principles outlines below, the company will develop strategy to meet these principles and abide by them.
Establish a strategy and business model which promote long-term value for shareholder
Seek to understand and meet shareholder needs and expectations
Consider wider stakeholder and social responsibilities and their implications for long term success
Embed effective risk management, considering both opportunities and threats, throughout the organisation
• Principal risks and uncertainties
• Funding risk
• Technology risk
• Sovereign risk
• Liquidity risk
• Price risk
• Foreign exchange risk
Maintain governance structures and processes that are fit for purpose and support good decision-making by the board
• Audit Committee
• Remuneration Committee
• Nominations Committee
Maintain the board as a well-functioning, balanced team led by the chair
Evaluate board performance board based on clear and relevant objectives, seeking continuous improvement
Communicate how the company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders
Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities
Promote a corporate culture that is based on ethical values and behaviours
ethics & compliance
Knights Bay aim for the highest standards of integrity and ethical behaviour. Developing policies and procedures to support the values of the company. These values are integrated into training to cultivate a culture of integrity that is mirrored throughout the Knights Bay business.
The team have a strong history of performance through the development of work class refining facilities and mines globally. Knights Bay support the environment where ethics and compliance are everyone's responsibility. We promote the behaviour we expect from our development teams and reinforce those values to promote a strong ethical culture.
Knights Bay is commitment to become a world leading ethical, environmental and sustainable business through performance.
Developing and maintaining a sustainable business, where the 4 pillars of mining operations namely:
Safety and Healthy protection of all stakeholders
Social and community acceptability