Magellan Petroleum
-2006-

What is Corporate Governance “Corporate governance is the system by which companies are directed and managed. It influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised. Good corporate governance structures encourage companies to create value (through entrepreneurism, innovation, development and exploration) and provide accountability and control systems commensurate with the risks involved.” (ASX Corporate Governance Council (CGC) – March 2003). Magellan Corporate Governance Structure The key components of the Magellan Group corporate governance structure, in the form of Policies and Charters, are listed in the Index below and are referenced to the relevant CGC Principles. These corporate governance policies and charters can be read and downloaded using Adobe Acrobat Reader. Acrobat Reader is availble as a free download. Corporate Governance Structure Board of Directors Charter Nomination and Remuneration Committee Charter Audit Committee Charter Code of Conduct Risk Management Policy