Code of Conduct
Soon Mining Limited identifies its responsibilities as a junior exploration company in respect of environmental and other industry related issues in Australia, but also recognises its obligations to native title owners and other land owners. Soon Mining is a business adopting the highest standards of ethical conduct in accordance with the core principles encapsulated in the Code of Conduct (Code).
Soon Mining Limited (the “Company”) is committed to operating to the highest standards of ethical behaviour and honesty and with full regard for the safety and health of its employees, customers, the wider community and the environment.
All Company employees are expected to comply with the policy, and conduct their activities on behalf of the Company accordingly. The Company's management must promote the policy by personal example, and ensure that it is communicated and understood by employees and third parties.
Soon Mining Limited is committed not only to complying with its legal obligations, but also to acting ethically and responsibly. The Company expects a high level of honesty, care, fair dealing and integrity in the conduct of all business activities.
This code of conduct (Code) is not intended to be exhaustive, but sets the minimum standards of conduct expected of all directors, officers, executives, employees and contractors of the Company (collectively Employees).
All Employees are expected to:
Act in the best interests of the Company
Act honestly and fairly in all commercial dealings and conduct themselves with professional courtesy and integrity
Comply with all laws and regulations that apply to the Company and its operations
Report any circumstance which is believed, in good faith, to be a breach of a law or this Code
To avoid entering any arrangement or participating in any activity that would conflict with Company's best interests or that would be likely to negatively affect the Company's reputation.
Employees must avoid situations where their personal interests conflict with, or could reasonably be perceived to conflict with the interests of the Company
All potential conflicts of interests must be reported to the Audit and Risk Committee of the Company
Employees must not take advantage of their position, Company information or opportunities arising from these, for personal gain or to compete with the Company
Company Assets & Property
All assets of the Company are to be properly used in the interests of the Company and safeguarded from loss or misuse.
Confidential or commercially sensitive information is not to be disclosed without proper authorization
mployees must comply with continuous disclosure obligations at law and are required to be fully aware of and observe their responsibilities under the Company's Continuous Disclosure Policy.
Securities trading by Employees must be conducted in compliance with the Company's Securities Trading Policy.
Personal gains, gifts and other payments
Employees must not accept payments, gifts or any other kind of reimbursement from a third party that could affect or appear to affect their objectivity in business decision making, or which might be deemed inappropriate to the relevant business relationship
Employees must not make offers of, or receive, bribes or other improper payments.
Any circumstance, which an Employee believes, in good faith, to be unethical or a breach of the law or this Code, is to be brought to the attention of the Board.
The identity of any person reporting such breaches is to remain confidential unless disclosure is required by law. The Company will ensure that Employees are not disadvantaged in any way for making a report.
Compliance with the Code
The Board is responsible for monitoring and ensuring compliance with this Code.
Reports of violations of this Code or any other unlawful or unethical conduct will be investigated and dealt with promptly by the Board, and in accordance with the principles of natural justice.
Failure to comply with this Code or any other laws or regulations applying to the Company, may result in disciplinary action, including in serious cases, the termination of employment.
The Board is responsible for conducting reviews of this Code at least annually to ensure that it accords with best practice and remains consistent with its objectives. The Code may be amended from time to time by resolution of the Board.