Morning Star Gold

Corporate Information

Morning Star Gold NL    ABN 34 003 312 721

** NEW ADDRESS **

Suite 101, Jones Bay Wharf, 26-32 Pirrama Rd, Pyrmont, NSW Australia 2009  

** NEW PHONE NO'S  **

T    02 8569 7488       F   02 8569 7499 

 

W.      Morning Star Gold - Hit this link to access our Website

E.       Send an Email to Morning Star Gold

 

Registered Office

Suite 101, Jones Bay Wharf, 26-32 Pirrama Rd, Pyrmont, NSW, 2009

 

Issued Capital

251,701,766 Ordinary Shares (ASX: MCO)
1,715 holders as at 14th JUN 2010
Top 20 Shareholders hold 50% or 126M shares

 

Major Shareholders

Nick & Sam Garling Family Trust        13.2%

Yarandi Invs - Griffith Family Trust    11.8%

BBY Nominees Pty Ltd                         11.1%

NSF Group Investments                         2.3%

Goldsearch Limited                                2.2%

















Company Secretary

Maxwell Davis,

Davis & Benson Chartered Accountants

Level 6, 
350 Kent Street Sydney NSW 2000

T 02 9279 3711
    F 02 9279 4711

 

 

Share Registry

Computershare Investor Services Pty Ltd

60 Carrington Street Sydney NSW 2000

T 02 8234 5000 F 02 8234 5200


Send an Email to Computershare (Share Registry)

Lawyers

Blackiston & Crabb

1202 Hay St. West Perth WA 6005

T 08 9322 7644    F 08 9322 1506

 


Auditors

DF Kaye & Company

Chartered Accountants


87A Campbell Parade Manly Vale NSW 2093

T 02 9948 7768    F 02 9948 7768

 

 

PR Consultants

John Kennedy (JKPR)

PO Box 115 Albert Park Victoria 3206

T 03 9500 0432     F 03 9500 0435

 

Corporate Governance Statement

 

Unless disclosed below, all the best practice recommendations of the ASX Corporate Governance Council have been applied for the entire financial year ended 30th June 2008.

 

Corporate Conduct

 

All directors, officeholders, employees and consultants are expected to act with the utmost integrity and objectivity and to enhance the reputation and performance of the company overall and in accordance with the Corporations Act and all other relevant corporate rules such as the ASX listing rules.

 

The Board of Directors

 

The skills, experience and expertise relevant to the position of each director who is in office, are detailed elsewhere in this website under the heading “About MCO; Our Team; Directors”. The board generally holds 6 formal or informal meetings throughout each financial year. At the present time, the board comprises 4 directors; 1 executive director, being the Chairman/MD and 3 non-executive directors, (incl. 1 independent director) as follows:

 

Nicholas Mark Garling – Chairman / MD (appointed as a Director on 20th March, 2007). Mr Garling receives a salary for his executive role and also consults from time to time to MCO.

Peter Gordon Hepburn-Brown – Non-Executive Director (appointed on 18th Feb, 2010) Mr. Hepburn-Brown consults to MCO regularly.

Jeffrey Wayne Williams – Non-Executive, Independent Director (appointed on 26th February, 2004).

Peter Gilbert Jackson – Non-Executive Director (appointed on 10th March, 2008). Dr. Jackson consults to MCO regularly.

 

Jeffrey Wayne Williams is considered to be an independent director as he is neither a substantial shareholder in the company nor receives remuneration from the company other than in relation to his position as a director. The board is responsible for the overall Corporate Governance of the company and its primary functions include:

 

•     The strategic direction of the company

•     Approval of the long term goals for management and monitoring the achievement of these goals on behalf of the shareholders;

•     The approval of the annual and half-yearly financial statements;

•     The review and adoption of annual budgets for the financial performance of the company and monitoring the results throughout the year;

•     Ensuring the company has implemented adequate systems to monitor compliance activities, risk management and occupational health and safety requirements.

 

The company does not comply with best practice recommendations 2.1: “A majority of the board should be independent directors”; 2.2: “The chairperson should be an independent director”; and 2.4: “The board should establish a nomination committee”. However, the board believes that for a company of its size and considering the extent of its operations that its present composition provides for efficient decision making required by the company in its current circumstances. Also, the board does not believe that the formal establishment of a nomination committee is warranted by its size, as in effect, the board as a whole acts as the nomination committee. The board’s nomination of directors and executive officers and other managers, is dependent on the candidate’s range of skills and experience relevant to the business of the company. The Chairman has conducted a performance evaluation for the board and its members during the financial year using generally accepted industry practices.













                   



 



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