Corporate

What is Corporate Governance?

"Corporate governance is the system by which companies are directed and managed. It influences how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimised. Good corporate governance structures encourage companies to create value (through entrepreneurism, innovation, development and exploration) and provide accountability and control systems commensurate with the risks involved." (ASX Corporate Governance Council (CGC) – March 2003).

The Magellan Corporate Governance Structure

The key components of the Magellan Group corporate governance structure, in the form of Policies and Charters, are listed in the Index below and are referenced to the relevant CGC Principles. These corporate governance policies and charters can be read and downloaded using Adobe Acrobat Reader. Acrobat Reader is available as a free download.

Board of Directors Charter (67kb)
Nomination and Remuneration Committee Charter (60kb)
Audit Committee Charter (61kb)
Code of Conduct (68kb)

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We may use terms on this web site, such as recoverable barrels of oil, oil-in-place, recoverable oil reserves and probable and possible reserves, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our SEC filings on EDGAR. The Company's Form 10-K can be obtained by writing to the Company at 7 Custom House St., 3rd Floor, Portland, ME 04101. You can also obtain this form from the SEC by calling 1-800-SEC-0300.

The information furnished in this Website by the Company may not be the latest and most current data available. Although the Company will use its best efforts to keep this information current, it does not undertake any duty to continuously update all of the information contained herein.