Corporate Governance

Purpose of Board Charter

To fulfill our strong commitment to good corporate governance Stark's board of directors have developed a Board Charter.

This Charter is intended to provide a concise overview of:

  • The demarcation of the roles, functions, responsibilities and powers of the Board, the shareholders of Stark group ("the Company"), individual directors and the officials and executives of the Company;

  • Powers delegated to various board committees of the Company;

  • Matters reserved for final decision-making or pre-approval by the Board;

  • The policies and practices of the board in respect of matters such as corporate governance, trading by directors in the securities of the Company, declarations and conflicts of interest, board meeting documentation and procedures and the nomination, appointment, induction, training and evaluation of directors and members of Board committees.

Updated and approved by the Stark Oil & Gas Limited board at its meeting of 10th March 2009 on recommendation of the Governance Committee.