Corporate Governance

Afton’s Board of Directors is responsible for ensuring that the Company has an appropriate corporate governance structure to ensure the creation, protection and enhancement of shareholder value. This requires that appropriate accountability and control systems are in place.

At Afton, the role of the Board includes ensuring that the Company acts ethically and in the best interest of shareholders in everything it does. To the extent possible, these standards of behaviour are reflected in the Company’s corporate governance policies and codes. These policies and codes are regularly reviewed and, where necessary, updated.

Afton Energy Board Charter
The Afton Board Charter deals with the composition and operation of the Board of Directors and its adherence to the Company’s governing policies and charters.

Afton Energy Code of Conduct and Ethics
The Afton Code of Conduct and Ethics governs the commercial operations of Afton and, in particular, compliance with the law and the ethical standards to which Afton will conform when dealing employees, stakeholders and third parties.

Afton Energy Environmental Management, Health and Safety Policy
The Afton Environmental Management, Health and Safety Policy recognises the need for Afton to manage its activities in a manner that minimises the likelihood of any adverse impact on its surroundings and promotes the health and safety of its employees, contractors, the general public and all other stakeholders.

Afton Energy Risk Management Policy
The board is responsible for ensuring that effective risk management programs are in place to protect Afton’s assets and shareholder value. The Risk Management Policy, covers financial and operational risks and documents Afton’s risk management framework.