Announcement PDF 1 Rules 4.7.3 and 4.10.3 Appendix 4G Key to Disclosures Corporate Governance Council Principles and Recommendations Name of entity Celsius Coal Limited ABN/ARBN Financial year ended 95 009 162 949 30 June 2015 Our corporate governance statement2 for the above period above can be found at:3 these pages of our annual report: page 14 to 18__________________________________________ ☐ this URL on our website: The Corporate Governance Statement is accurate and up to date as at 30 June 2015 and has been approved by the board. The annexure includes a key to where our corporate governance disclosures can be located. Date here: 30 September 2015 Sign here: _______________________________ Director/company secretary Print name: Ranko Matic 1 Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX. Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period. Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3. 2 “Corporate governance statement” is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period. 3 Mark whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where the entity’s corporate governance statement can be found. 1 ANNEXURE – KEY TO CORPORATE GOVERNANCE DISCLOSURES Corporate Governance Council recommendation We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … PRINCIPLE 1 – LAY SOLID FOUNDATIONS FOR MANAGEMENT AND OVERSIGHT 1.1 A listed entity should disclose: (a) the respective roles and responsibilities of its board and management; and (b) those matters expressly reserved to the board and those delegated to management. … the fact that we follow this recommendation: in our Corporate Governance Statement OR  an explanation why that is so in our Corporate  at this location:  we are an externally managed entity and this _____________________________________________ Governance Statement OR recommendation is therefore not applicable Insert location here … and information about the respective roles and responsibilities of our board and management (including those matters expressly reserved to the board and those delegated to management): at this location: http://www.celsiuscoal.com/corporate_governance _____________________________________________ Insert location here 1.2 A listed entity should: (a) undertake appropriate checks before appointing a person, or putting forward to security holders a candidate for election, as a director; and (b) provide security holders with all material information in its possession relevant to a decision on whether or not to elect or re-elect a director. 1.3 A listed entity should have a written agreement with each director and senior executive setting out the terms of their appointment. … the fact that we follow this recommendation: in our Corporate Governance Statement OR  an explanation why that is so in our Corporate  at this location:  we are an externally managed entity and this _____________________________________________ Governance Statement OR recommendation is therefore not applicable Insert location here … the fact that we follow this recommendation: in our Corporate Governance Statement OR  an explanation why that is so in our Corporate  at this location:  we are an externally managed entity and this _____________________________________________ Governance Statement OR recommendation is therefore not applicable Insert location here 2 Corporate Governance Council recommendation 1.4 The company secretary of a listed entity should be accountable directly to the board, through the chair, on all matters to do with the proper functioning of the board. We have followed the recommendation in full for the whole of the period above. We have disclosed … … the fact that we follow this recommendation: in our Corporate Governance Statement OR  at this location: _____________________________________________ We have NOT followed the recommendation in full for the whole of the period above. We have disclosed …  an explanation why that is so in our Corporate Governance Statement OR  we are an externally managed entity and this recommendation is therefore not applicable Insert location here 1.5 A listed entity should: (a) have a diversity policy which includes requirements for the board or a relevant committee of the board to set measurable objectives for achieving gender diversity and to assess annually both the objectives and the entity’s progress in achieving them; … the fact that we have a diversity policy that complies with paragraph (a):  in our Corporate Governance Statement OR  at this location: an explanation why that is so in our Corporate Governance Statement OR  we are an externally managed entity and this recommendation is therefore not applicable _____________________________________________ Insert location here (b) disclose that policy or a summary of it; and (c) disclose as at the end of each reporting period the measurable objectives for achieving gender diversity set by the board or a relevant committee of the board in accordance with the entity’s diversity policy and its progress towards achieving them and either: (1) the respective proportions of men and women on the board, in senior executive positions and across the whole organisation (including how the entity has defined “senior executive” for these purposes); or (2) if the entity is a “relevant employer” under the Workplace Gender Equality Act, the entity’s most recent “Gender Equality Indicators”, as defined in and published under that Act. … and a copy of our diversity policy or a summary of it: at this location: http://www.celsiuscoal.com/corporate_governance _____________________________________________ Insert location here … the measurable objectives for achieving gender diversity set by the board or a relevant committee of the board in accordance with our diversity policy and our progress towards achieving them:  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here … and the information referred to in paragraphs (c)(1) or (2):  in our Corporate Governance Statement OR  at this location: _____________________________________________ 3 Corporate Governance Council recommendation We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … Insert location here 1.6 A listed entity should: (a) have and disclose a process for periodically evaluating the performance of the board, its committees and individual directors; and (b) disclose, in relation to each reporting period, whether a performance evaluation was undertaken in the reporting period in accordance with that process. … the evaluation process referred to in paragraph (a): in our Corporate Governance Statement OR  an explanation why that is so in our Corporate  at this location:  we are an externally managed entity and this _____________________________________________ Governance Statement OR recommendation is therefore not applicable Insert location here … and the information referred to in paragraph (b): in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 1.7 A listed entity should: (a) have and disclose a process for periodically evaluating the performance of its senior executives; and (b) disclose, in relation to each reporting period, whether a performance evaluation was undertaken in the reporting period in accordance with that process. … the evaluation process referred to in paragraph (a): in our Corporate Governance Statement OR  at this location: _____________________________________________  an explanation why that is so in our Corporate Governance Statement OR  we are an externally managed entity and this recommendation is therefore not applicable Insert location here … and the information referred to in paragraph (b): in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 4 Corporate Governance Council recommendation We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … [If the entity complies with paragraph (a):] … the fact that we have a nomination committee that complies with paragraphs (1) and (2):  an explanation why that is so in our Corporate PRINCIPLE 2 - STRUCTURE THE BOARD TO ADD VALUE 2.1 The board of a listed entity should: (a) have a nomination committee which: (1) has at least three members, a majority of whom are independent directors; and (2) is chaired by an independent director, and disclose:  in our Corporate Governance Statement OR  at this location: Governance Statement OR  we are an externally managed entity and this recommendation is therefore not applicable _____________________________________________ Insert location here (3) the charter of the committee; (4) the members of the committee; and (5) as at the end of each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; OR (b) if it does not have a nomination committee, disclose that fact and the processes it employs to address board succession issues and to ensure that the board has the appropriate balance of skills, knowledge, experience, independence and diversity to enable it to discharge its duties and responsibilities effectively. … and a copy of the charter of the committee:  at this location: _____________________________________________ Insert location here … and the information referred to in paragraphs (4) and (5):  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here [If the entity complies with paragraph (b):] … the fact that we do not have a nomination committee and the processes we employ to address board succession issues and to ensure that the board has the appropriate balance of skills, knowledge, experience, independence and diversity to enable it to discharge its duties and responsibilities effectively: in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 5 Corporate Governance Council recommendation 2.2 A listed entity should have and disclose a board skills matrix setting out the mix of skills and diversity that the board currently has or is looking to achieve in its membership. We have followed the recommendation in full for the whole of the period above. We have disclosed … … our board skills matrix:  in our Corporate Governance Statement OR  at this location: We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … an explanation why that is so in our Corporate Governance Statement OR  we are an externally managed entity and this recommendation is therefore not applicable _____________________________________________ Insert location here 2.3 A listed entity should disclose: (a) the names of the directors considered by the board to be independent directors; (b) if a director has an interest, position, association or relationship of the type described in Box 2.3 but the board is of the opinion that it does not compromise the independence of the director, the nature of the interest, position, association or relationship in question and an explanation of why the board is of that opinion; and (c) the length of service of each director. … the names of the directors considered by the board to be independent directors: in our Corporate Governance Statement OR  an explanation why that is so in our Corporate Governance Statement  at this location: _____________________________________________ Insert location here … where applicable, the information referred to in paragraph (b): in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here … the length of service of each director: in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 2.4 A majority of the board of a listed entity should be independent directors. … the fact that we follow this recommendation: in our Corporate Governance Statement OR  an explanation why that is so in our Corporate  at this location:  we are an externally managed entity and this _____________________________________________ Governance Statement OR recommendation is therefore not applicable Insert location here 6 Corporate Governance Council recommendation 2.5 The chair of the board of a listed entity should be an independent director and, in particular, should not be the same person as the CEO of the entity. We have followed the recommendation in full for the whole of the period above. We have disclosed … … the fact that we follow this recommendation: in our Corporate Governance Statement OR  at this location: _____________________________________________ We have NOT followed the recommendation in full for the whole of the period above. We have disclosed …  an explanation why that is so in our Corporate Governance Statement OR  we are an externally managed entity and this recommendation is therefore not applicable Insert location here 2.6 A listed entity should have a program for inducting new directors and provide appropriate professional development opportunities for directors to develop and maintain the skills and knowledge needed to perform their role as directors effectively. … the fact that we follow this recommendation: in our Corporate Governance Statement OR  an explanation why that is so in our Corporate  at this location:  we are an externally managed entity and this _____________________________________________ Governance Statement OR recommendation is therefore not applicable Insert location here PRINCIPLE 3 – ACT ETHICALLY AND RESPONSIBLY 3.1 A listed entity should: (a) have a code of conduct for its directors, senior executives and employees; and (b) disclose that code or a summary of it. … our code of conduct or a summary of it:  in our Corporate Governance Statement OR  an explanation why that is so in our Corporate Governance Statement at this location: http://www.celsiuscoal.com/corporate_governance _____________________________________________ Insert location here PRINCIPLE 4 – SAFEGUARD INTEGRITY IN CORPORATE REPORTING 4.1 The board of a listed entity should: (a) have an audit committee which: (1) has at least three members, all of whom are non-executive directors and a majority of whom are independent directors; and (2) is chaired by an independent director, who is not the chair of the board, and disclose: [If the entity complies with paragraph (a):] … the fact that we have an audit committee that complies with paragraphs (1) and (2): Governance Statement  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here (3) the charter of the committee; … and a copy of the charter of the committee: (4) the relevant qualifications and experience of the members of the committee; and  at this location: (5) in relation to each reporting period, the  an explanation why that is so in our Corporate _____________________________________________ Insert location here 7 Corporate Governance Council recommendation number of times the committee met throughout the period and the individual attendances of the members at those meetings; OR (b) if it does not have an audit committee, disclose that fact and the processes it employs that independently verify and safeguard the integrity of its corporate reporting, including the processes for the appointment and removal of the external auditor and the rotation of the audit engagement partner. We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … … and the information referred to in paragraphs (4) and (5):  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here [If the entity complies with paragraph (b):] … the fact that we do not have an audit committee and the processes we employ that independently verify and safeguard the integrity of our corporate reporting, including the processes for the appointment and removal of the external auditor and the rotation of the audit engagement partner: in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 4.2 The board of a listed entity should, before it approves the entity’s financial statements for a financial period, receive from its CEO and CFO a declaration that, in their opinion, the financial records of the entity have been properly maintained and that the financial statements comply with the appropriate accounting standards and give a true and fair view of the financial position and performance of the entity and that the opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. … the fact that we follow this recommendation: in our Corporate Governance Statement OR  at this location:  an explanation why that is so in our Corporate Governance Statement _____________________________________________ Insert location here 8 Corporate Governance Council recommendation 4.3 A listed entity that has an AGM should ensure that its external auditor attends its AGM and is available to answer questions from security holders relevant to the audit. We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … … the fact that we follow this recommendation: in our Corporate Governance Statement OR  an explanation why that is so in our Corporate  at this location:  we are an externally managed entity that does not _____________________________________________ Insert location here Governance Statement OR hold an annual general meeting and this recommendation is therefore not applicable PRINCIPLE 5 – MAKE TIMELY AND BALANCED DISCLOSURE 5.1 A listed entity should: (a) have a written policy for complying with its continuous disclosure obligations under the Listing Rules; and … our continuous disclosure compliance policy or a summary of it:  in our Corporate Governance Statement OR  an explanation why that is so in our Corporate Governance Statement at this location: (b) disclose that policy or a summary of it. http://www.celsiuscoal.com/corporate_governance _____________________________________________ Insert location here PRINCIPLE 6 – RESPECT THE RIGHTS OF SECURITY HOLDERS 6.1 A listed entity should provide information about itself and its governance to investors via its website. … information about us and our governance on our website: at this location:  an explanation why that is so in our Corporate Governance Statement http://www.celsiuscoal.com/corporate_governance _____________________________________________ Insert location here 6.2 A listed entity should design and implement an investor relations program to facilitate effective twoway communication with investors. … the fact that we follow this recommendation: in our Corporate Governance Statement OR  at this location:  an explanation why that is so in our Corporate Governance Statement _____________________________________________ Insert location here 9 Corporate Governance Council recommendation 6.3 A listed entity should disclose the policies and processes it has in place to facilitate and encourage participation at meetings of security holders. We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … … our policies and processes for facilitating and encouraging participation at meetings of security holders: in our Corporate Governance Statement OR  an explanation why that is so in our Corporate  at this location: _____________________________________________ Governance Statement OR  we are an externally managed entity that does not hold periodic meetings of security holders and this recommendation is therefore not applicable Insert location here 6.4 A listed entity should give security holders the option to receive communications from, and send communications to, the entity and its security registry electronically. … the fact that we follow this recommendation: in our Corporate Governance Statement OR  at this location:  an explanation why that is so in our Corporate Governance Statement _____________________________________________ Insert location here PRINCIPLE 7 – RECOGNISE AND MANAGE RISK 7.1 The board of a listed entity should: (a) have a committee or committees to oversee risk, each of which: (1) has at least three members, a majority of whom are independent directors; and (2) is chaired by an independent director, and disclose: [If the entity complies with paragraph (a):] … the fact that we have a committee or committees to oversee risk that comply with paragraphs (1) and (2):  an explanation why that is so in our Corporate Governance Statement  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here (3) the charter of the committee; (4) the members of the committee; and (5) as at the end of each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; OR (b) if it does not have a risk committee or committees that satisfy (a) above, disclose that fact and the processes it employs for overseeing the entity’s risk management framework. … and a copy of the charter of the committee:  at this location: _____________________________________________ Insert location here … and the information referred to in paragraphs (4) and (5):  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 10 Corporate Governance Council recommendation We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … [If the entity complies with paragraph (b):] … the fact that we do not have a risk committee or committees that satisfy (a) and the processes we employ for overseeing our risk management framework: in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 7.2 The board or a committee of the board should: (a) review the entity’s risk management framework at least annually to satisfy itself that it continues to be sound; and (b) disclose, in relation to each reporting period, whether such a review has taken place. 7.3 A listed entity should disclose: (a) if it has an internal audit function, how the function is structured and what role it performs; OR (b) if it does not have an internal audit function, that fact and the processes it employs for evaluating and continually improving the effectiveness of its risk management and internal control processes. … the fact that we follow this recommendation: in our Corporate Governance Statement OR  at this location:  an explanation why that is so in our Corporate Governance Statement _____________________________________________ Insert location here [If the entity complies with paragraph (a):] … how our internal audit function is structured and what role it performs:  an explanation why that is so in our Corporate Governance Statement  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here [If the entity complies with paragraph (b):] … the fact that we do not have an internal audit function and the processes we employ for evaluating and continually improving the effectiveness of our risk management and internal control processes: in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 11 Corporate Governance Council recommendation 7.4 A listed entity should disclose whether it has any material exposure to economic, environmental and social sustainability risks and, if it does, how it manages or intends to manage those risks. We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … … whether we have any material exposure to economic, environmental and social sustainability risks and, if we do, how we manage or intend to manage those risks: an explanation why that is so in our Corporate Governance Statement  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here PRINCIPLE 8 – REMUNERATE FAIRLY AND RESPONSIBLY 8.1 The board of a listed entity should: (a) have a remuneration committee which: (1) has at least three members, a majority of whom are independent directors; and (2) is chaired by an independent director, and disclose: (3) the charter of the committee; [If the entity complies with paragraph (a):] … the fact that we have a remuneration committee that complies with paragraphs (1) and (2):  in our Corporate Governance Statement OR  at this location:  an explanation why that is so in our Corporate Governance Statement OR  we are an externally managed entity and this recommendation is therefore not applicable _____________________________________________ Insert location here (4) the members of the committee; and (5) as at the end of each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; OR (b) if it does not have a remuneration committee, disclose that fact and the processes it employs for setting the level and composition of remuneration for directors and senior executives and ensuring that such remuneration is appropriate and not excessive. … and a copy of the charter of the committee:  at this location: _____________________________________________ Insert location here … and the information referred to in paragraphs (4) and (5):  in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here [If the entity complies with paragraph (b):] … the fact that we do not have a remuneration committee and the processes we employ for setting the level and 12 Corporate Governance Council recommendation We have followed the recommendation in full for the whole of the period above. We have disclosed … We have NOT followed the recommendation in full for the whole of the period above. We have disclosed … composition of remuneration for directors and senior executives and ensuring that such remuneration is appropriate and not excessive: in our Corporate Governance Statement OR  at this location: _____________________________________________ Insert location here 8.2 A listed entity should separately disclose its policies and practices regarding the remuneration of nonexecutive directors and the remuneration of executive directors and other senior executives. … separately our remuneration policies and practices regarding the remuneration of non-executive directors and the remuneration of executive directors and other senior executives:  in our Corporate Governance Statement OR  an explanation why that is so in our Corporate Governance Statement