Corporate responsibility

The Company has adopted systems of control and accountability as the basis for administration of corporate governance. TIG is committed to administering the policies and procedures with openness and integrity, pursuing the highest standards of corporate governance commensurate with the Company’s needs.

To the extent that they are appropriate and applicable the Company has adopted the Principles of Good Corporate Governance Recommendations as published by the ASX Corporate Governance Council. As the Company’s activities develop in size, nature and scope, TIG will consider on an ongoing basis its corporate governance structures and whether they are sufficient given the Company’s size and nature of operations.

The Board and management have established a range of policies, practices and arrangements that reflect the recommendations. Those policies, practices and arrangements are reviewed regularly. Some of those arrangements, policies and practices are set out herein: