Morning Star Gold NL (ASX: MCO)
Suite 303, 7 Jeffcott Street,
West Melbourne VIC 3003, Australia
T 61 3 8379 2888 F 61 3 8379 2999
Hit our logo top left corner to go HOME
Send an Email to Morning Star Gold
Suite 303, 7 Jeffcott Street, West Melbourne VIC 3003, Australia
or contact via Morning Star Gold NL in Melbourne
284,318,462 Ordinary Shares (ASX: MCO)
1,800 Shareholders as at Nov 2012
Top 20 Shareholders hold ~56%
Top 50 Shareholders hold ~70%
Top 100 Shareholders hold ~80%
Chillee Limited (and related nominees) ~13.7%
NM Garling (indirect holdings) ~12.5%
Yarandi Investments (and related nominees) ~11.1%
Shandong Tianye Group ~9.8%
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)
DF Kaye FCA
Level 2, 39 East Esplanade, Manly NSW 2095
T 02 8068 8675 F 02 9948 7768
61 (0)419 220 171
Sydney, Melbourne, Gold Coast, London
Unless disclosed below, all the best practice recommendations of the ASX Corporate Governance Council are always applied for the each financial year & annual periods ending 30th June.
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 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 & CEO". The board generally holds at least 6 formal or informal meetings throughout each financial year. At the present time, the board comprises 5 directors; 1 executive director and 4 non-executive directors, (incl. 2 independent directors). Each director receives an annual directors fee of $36,000 and is excpected to contribute significantly towards efficient strategy and management of the company in return. MCO has appointed a Chief Executive Officer in July of 2011. Michael Botting (CEO) reports directly to the Board of Directors.
The Board of Morning Star Gold NL is currently as follows:
Nicholas Mark Garling - Chairman, Executive Director (appointed as a Director on 20th March, 2007). Mr Garling receives a salary for his executive director role.
Noel Robert Laidlaw - Non-Executive, Independent Director (appointed as a Director on 1st July, 2011).
Peter Gilbert Jackson - Non-Executive, Independent Director (appointed as a Director on 10th March, 2008).
Alexei Vladimir Motlokhov - Non-Executive Director (appointed as a Director on 1st Feb 2011).
Zhaoqin Zeng - Non-Executive Director (appointed as a Director on 1st Feb 2011).
Noel Robert Laidlaw & Peter Gilbert Jackson are considered to be independent directors as they are not substantial shareholders in the company and are remunerated as non-executive Directors.
The board is responsible for the overall Corporate Governance of the company and its primary functions include:
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 - in conjunction with external and independent consultants - conducts a performance evaluation for the board and its members and the CEO and other senior managers during each annual period using generally accepted and current industry practices.
Morning Star Gold's Securities Trading Policy was publicly released via the ASX on 31st December 2010 in line with ASX Listing Rules and Guidelines.
This policy can be read at the following link: Morning Star Gold's Revised Securities Trading Policy_Dec_2010
To subscribe to the Morning Star email news alert service, please register your email address below. You will receive an email confirming your subscription. If you wish to unsubscribe at any time, please click on the unsubscribe link available at the bottom of every email alert.
Enter your email address below to subscribe to our e-newsletter.