This report provides a comprehensive analysis of Sandfire Resources, focusing on its ethical and governance practices. It examines the company's voluntary disclosures to determine its ethical outlook and board orientation, applying theories such as Agency theory, Resource Dependency Theory, Stakeholder Theory, and Legitimacy theory. The report delves into the company's history, board composition, and corporate governance framework, including remuneration practices and strategic priorities. It assesses the board's orientation towards different stakeholder theories, concluding that Sandfire Resources aligns more with Stakeholder and Agency theories. The analysis is based on publicly available information, investor relations materials, and relevant academic literature, offering valuable insights into Sandfire Resources' approach to corporate governance and ethical conduct.