Share price at 15:48

0.00 - 0.00%

Share price information delayed at least 15 minutes

Governance

Governance

  • As a UK Plc listed on the AIM market of the London Stock Exchange, transparency is obtained on a similar basis for all shareholders as the Company adheres to all reporting requirements
  • Adheres to QCA Corporate Governance Code
  • Directors’ interests are aligned with the shareholders as they have invested nearly £10m cash in the company and have shareholdings totaling 22%

Our responsible approach

The Board recognises the importance of sound corporate governance commensurate with the size and nature of the Company and the interests of its Shareholders and adopts the provisions of the QCA Corporate Governance Code. Click here to view the Company's Corporate Governance Statement. The Company is a member of the Quoted Companies Alliance

This information has been disclosed pursuant to Rule 26 of the AIM Rules for Companies. Last updated: 26 September 2022

Our purpose

Responsibly enabling Europe’s energy transistion.

Our vision

To facilitate Europe’s transition to sustainable power.

Our mission

To be the supplier of choice for Europe’s lithium. As a just and responsible carbon-neutral operator, we will elevate perceptions of our industry.

Board of Directors

The Board is responsible for formulation and approval of the strategic direction objectives and goals of the Company and guiding management in the implementation of this strategy for the benefit of shareholders.

The Board comprises:

Non-Executive Chairman - Matthew King

Interim CEO and Technical Director - Dale Ferguson

Non-Executive Directors - Mary Jo Jacobi, James Leahy, Manohar Pundalik Shenoy, Imad Kamal Abdul Redha Sultan.

The Board believes the Directors provide an appropriate mix to conduct the Company’s business.

Committees

Consisting of James Leahy (Committee Chairman), Mary Jo Jacobi and Manohar Shenoy

Consisting of James Leahy (Committee Chairman), Mary Jo Jacobi and Manohar Shenoy

Consisting of Matthew King (Committee Chairman) and Dale Ferguson

Consisting of Matthew King (Committee Chairman) and Imad Sultan

No additional remuneration is paid for participation on these committees.

Additional sub-committees of the Board may be formed from time to time for specific purposes and third parties may be invited to join the sub-committees, as ex officio members, where their particular expertise is considered desirable.

Anti-Bribery and Corruption Policy

It is the Company's policy to conduct business in an honest way, and without the use of corrupt practices or acts of bribery to obtain an unfair advantage in line with the UK Bribery Act 2010. We take a zero-tolerance approach to bribery and corruption and are committed to acting professionally, fairly and with integrity in all our business dealings and relationships wherever we operate and implementing and enforcing effective systems to counter bribery.

Bribery is defined as the offering, promising or giving a bribe or financial or other advantage; requesting, agreeing to receive or accepting a bribe or financial or other advantage; or soliciting of an advantage as an inducement for an action which is illegal or a breach of trust. It is also an offence to bribe a foreign public official to obtain or retain business or an advantage in the conduct of business.

Bribery and corruption are punishable for individuals by up to ten years' imprisonment and if we are found to have taken part in corruption we could face an unlimited fine, be excluded from tendering for public contracts and face damage to our reputation. We therefore take our legal responsibilities very seriously.

This policy applies to all individuals working at all levels and grades, including senior managers, officers, directors, employees (whether permanent, fixed-term or temporary), consultants, contractors, trainees, seconded staff, homeworkers, casual workers and agency staff, volunteers, interns, agents, sponsors, or any other person associated with us, or any of our subsidiaries or their employees, wherever located.

This policy extends to all of the Company's business dealings and transactions in all countries in which it operates.

Health, Safety, Environment and Social Responsibility

Savannah Resources is committed to providing a safe working environment for all its employees and to responsibly managing all of the environmental interactions of its business.

To meet these objectives, Savannah has developed a Health, Safety, Environment, and Community (“HSEC”) policy that it applies to all company activities in Portugal.

Savannah is committed to the implementation of a high standard of HSEC management and delivery from exploration through production to eventual mine closure. Our field staff are accountable for the delivery of the HSEC policy and our Directors, Officers and Employees are responsible and accountable for Savannah’s HSEC performance.

The following specific commitments are made as regards HSEC matters:

  • We provide all employees with health and safety training as required and applicable
  • We take all necessary measures to minimise workplace injuries to our employees
  • We have established management and advisory programmes for the prevention of communicable diseases of our employees
  • We comply with all applicable legislation, regulations, and appropriate industry standards
  • We assess the positive and negative effects of our activities, from exploration through production to eventual closure
  • We support local policies and procedures that minimize, or eliminate, negative effects of our activities on the natural environment and communities
  • We monitor our use of natural resources and especially the use of energy, water and land resources
  • We work to understand what is important to the communities in which we operate and we adopt communication, consultation and disclosure procedures that consider all stakeholders
  • We work to establish sustainable development relationships in the social, government and business communities where we operate
  • We promote high standards in all matters relating to health, safety, environment and the community throughout all stages of the mining cycle
  • We endeavour to promote the principles and practices of sustainable development wherever we have a business footprint, be it early stage exploration or advanced project development