2000 Annual Report - Heron Resources Limited

4.0 Continued
Directors’ Report
AUDIT COMMITTEE
At the date of this Report the Company has not formed an Audit Committee. The Directors discuss the Company’s activities
with the auditors throughout the year. Due to the size and nature of operations, it has not been considered necessary to
form an Audit Committee of the Board of Directors.
INSURANCE OF OFFICERS
During the financial year the Company has paid an insurance premium in respect of a Directors’ and Officers Liability
Insurance Contract. The insurance premium relates to liabilities that may arise from an officer’s position, with the exception
of conduct involving a wilful breach of duty or improper use of information or position to gain personal advantage.
The officers covered by the insurance policies are the Directors and the Company Secretary.
CORPORATE GOVERNANCE
In recognising the need for the highest standards of corporate behaviour and accountability, the Directors of Heron Resources NL
support and have adhered to the principles of corporate governance. The economic entity’s corporate governance statement is
contained in the Section 3.0 Corporate Profile of the Annual Report.
ENVIRONMENTAL REGULATION
The economic entity is subject to and compliant with all aspects of environmental regulation in respect of its exploration
activities. The Directors are not aware of any environmental regulation which is not being complied with.
ABORIGINAL CULTURE AND HERITAGE
The economic entity is subject to and compliant with all aspects of Aboriginal Heritage regulation in respect of its exploration
and development activities. The Directors are not aware of any regulation which is not being complied with. The Directors
are committed to cultural respect and Indigenous Reconciliation.
Signed in accordance with a resolution of Directors
R G COLVILLE
Director
Perth, 29 September 2000
page 44 Heron Resources NL Annual Report 2000