Report of Ethics and governance 2022

Running Head: Accounts
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GALAXY RESOURCES LTD
Ethics and governance
10/3/2019

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Executive Summary
Corporate governance and ethics are the rules and regulations of the company which
helps in maintaining the core values. If any decision has to be taken in the company then ethics
helps in setting the principles what is right or not. The corporate governance also helps in
interacting with the stakeholders of the Galaxy Resource Limited and also ensures a good
reputation and the sustainability of the business. In this report the commercial power of the
company has explained and the composition of the managers in the company has explained with
their remuneration. It has been evaluated that the position of the company in the market is stable
and they have maintained their reputation by becoming the leader of the mining company. They
are operating the company in an appropriate way that also helps the company in preventing from
any fraud and error.

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Contents
Introduction.................................................................................................................... 3
Introduction to the company............................................................................................... 3
Summary of the CG of the company..................................................................................... 4
Board Orientation............................................................................................................ 6
Legitimacy Theory......................................................................................................... 10
Conclusion................................................................................................................... 11
References................................................................................................................... 12

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Introduction
The report is prepared in regards to the ethics and the corporate governance of the
company so that the rules and laws through which the company has to comply can be analyzed.
The purpose of this report is to get information on the corporate governance of the company
Galaxy Resources Limited. In this report the research will do the annual report of the company
Galaxy Resources Limited so that the board composition and the orientation can be analyzed. In
this report the interpretation of the company Galaxy Resources Limited had also done using the
theory of Legitimacy. The ethics and the governance in the company are very essential as it helps
in satisfying the investors and the shareholders of the company. Corporate governance represents
the true and fair report in an ethical manner which helps in taking the right decisions of the
company. Corporate governance is the rules whose main purpose in the company Galaxy
Resource Limited is to ensure whether the fairness, transparency, and accessibility are
maintained or not. The company prepares corporate and governance so that the frauds which
occur in the company can be reduced and ethics can be maintained in the company.
Introduction to the company
Galaxy resource-limited is the mining industry which was founded in the year 1996. The
company was headquartered in Applecross, Western Australia. The company basically deals
with products like Lithium, hydroxide, carbonate, Spodumene, etc. The company is listed on the
Australian Securities Exchange and has a project of mining in Australia, Argentina, and Canada.
The company has announced its merger with its joint venture company in the year 2016. There
are many projects of the company which is at the development stage such as James Bay Lithium
Pegmatite Project and the Sal De Vida Lithium brine project (Chan, et al., 2014).
The company also operates the mine at the Western Australia Ravens Thorpe for the Mt
Cattine Spodumene Tantalite. On 29 May 2018 the company has agreed to sell to South Korean
conglomerate on the Hombre Muerto for the US $280 million. The company has still maintained
reserves for the project of the Sal de Vida of 4.09 million tones and original reserves of the 1.14
million tons from the sales (Galaxy Resource Limited, 2018).