Akobo Minerals is committed to maintaining high standards of corporate governance. The Board of Directors recognises that effective governance is essential to the Company’s long‑term success and to maintaining the confidence of shareholders and other stakeholders.
The Company’s governance framework emphasises integrity, ethical conduct, transparency and respect for people and the environment. Akobo Minerals works with recognised international advisors and audit firms to support documentation, verification and assurance of its activities.
THE NORWEGIAN CODE OF PRACTICE
Akobo Minerals considers the principles of the Norwegian Code of Practice for Corporate Governance when developing its governance framework. The Code of Practice provides guidance on the roles and responsibilities of shareholders, the Board and executive management beyond statutory requirements.
As the Company develops, its corporate governance framework is being refined in line with these principles, taking into account the Company’s size, stage of development and operational footprint.
BOARD RESPONSIBILITY AND COMPANY ACTIVITY
The Board is responsible for promoting the long‑term sustainable success of Akobo Minerals. This includes:
Directors are expected to act with integrity, exercise independent judgement and promote a culture consistent with the Company’s values. The Board ensures that mechanisms are in place to support open dialogue with stakeholders and to enable concerns to be raised appropriately within the organisation.
RESPONSIBILITIES
The Chair leads the Board and is responsible for its overall effectiveness. Akobo Minerals maintains a clear division of responsibilities between the Board’s oversight role and the executive management’s responsibility for day‑to‑day operations.
The Board ensures that it has access to the information, processes and resources required to make informed decisions and to supervise the Company effectively.
AUDIT, RISK AND INTERNAL CONTROL
Akobo Minerals is establishing formal and transparent policies to support effective risk management, internal control and audit processes. The Board oversees the integrity of the Company’s financial and narrative reporting and seeks to ensure that disclosures present a fair, balanced and understandable assessment of the Company’s position and prospects.
The Board, supported by management, identifies and monitors principal risks and determines the level of risk the Company is prepared to accept in pursuing its strategic objectives.
REPORTING OF CONCERNS (WHISTLEBOWING)
Akobo Minerals maintains a whistleblowing channel that allows employees and external stakeholders to report suspected breaches of the Company’s Code of Conduct, internal policies or applicable laws and regulations.
Reports may relate to matters such as fraud, corruption, harassment, discrimination or breaches of environmental or human rights obligations. All reports are handled confidentially.
Reports of concerns can be made to Akobo Minerals’ Integrity Channel. All concerns reported will be treated confidentially.
REMUNERATION
The Company is developing a formal and transparent framework for executive and Board remuneration. No individual is involved in determining their own remuneration. Remuneration decisions are made with reference to the Company’s performance, individual responsibilities and wider circumstances.
PUBLICATION OF INFORMATION
Akobo Minerals publishes interim reports for the first and third quarters, in addition to half‑yearly and annual reports. Interim and half‑yearly reports are published as soon as practicable and no later than three months after the end of the relevant reporting period. Annual reports are published in a timely manner and no later than five months after year‑end.
The Company prepares its financial statements in accordance with Swedish accounting standards.
