Jadestone is committed to deliver the highest standards of corporate governance. The Board believes that an effective corporate governance framework adds value to its business and enhances stakeholder confidence in the Company. The Company complies with the Quoted Companies Alliances Corporate Governance Code 2018 (the “QCA Code”). The Board recognises that the QCA Code provides the Company with the appropriate framework to sustain a strong level of governance, given its size and quotation on the AIM market of the London Stock Exchange.
The Company shares a set of core values – Respect, Integrity, Safety, Results-Orientated, Sustainability and Passion. Each employee is expected to make a commitment to these, and to contribute to protecting and enhancing the Company’s reputation. Jadestone’s core values underpin the work the business does, and form the foundation of the Code of Conduct.
In our Australian operations, Asset Integrity and Process Safety Management is described in the Jadestone Australia Business Management system and is regulated in Australia by the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).
Risk management is a critical component of Jadestone’s business process. The Jadestone risk management process is aligned with the requirements of ISO 31000 and addresses risk management at three levels: Business, Facility and Task. The three risk levels are directly related and the risk assessments cascade such that Business level risks set the context for Facility risk assessments, and Facility level risks set the context for Task risk assessments.
In accordance with Canada’s Extractive Sector Transparency Measures Act, Jadestone prepares a schedule of payments by payee and a schedule of payments by project, to provide to the Minister of Natural Resources Canada and to the Directors of the Company, detailing all cash payments made to a government. The Company reports all payments made by it, on its own behalf and in its role as operator, directly to any government on a gross basis. These schedules are available on the Jadesotone website and are updated annually.
For more information, visit our key policies page and download our 2019 Sustainability report.