Mineral Resources (MinRes) has appointed a new company secretary as it looks to bolster its governance regime.
MinRes announced the appointment of Sarah Standish as joint company secretary, effective from yesterday.
The company said Standish has 20 years’ experience in leading legal, governance, risk and compliance functions at ASX-listed and international companies involved in the mining and energy sectors.
She has held senior in-house legal and company secretary roles, most recently as general counsel and company secretary at De Grey Mining, which was acquired by Northern Star Resources in May.
She previously served as general counsel and company secretary at St Barbara, general counsel at Imdex and is a graduate of the Australian Institute of Company Directors.
Standish and Derek Oelofse will act as joint company secretaries. Standish replaces Mark Wilson, who resigned from the role of joint company secretary. Wilson will continue in his role as the company’s chief financial officer.
After the release in late August of the company’s full-year results, MinRes chair Malcolm Bundey, who joined MinRes as non-executive chair in July, said he was positive about the company’s outlook.
He said the board was focused on three key areas to uplift the company’s performance in the coming year: robust governance, board renewal and an orderly succession of the managing director; a strengthened balance sheet and disciplined capital allocation; and the full delivery of Onslow Iron to nameplate capacity.
MinRes has undertaken a governance refresh since the appointment of Bundey as independent non-executive chair and two new independent non-executive directors.
As part of the revamp, the board is also undertaking a capital allocation framework review as it looks to focus on cost control and operational improvements.
In a letter to shareholders at the time, Bundey said the company has faced significant challenges, but he took on the role of chair “with strong conviction about the remarkable strength and future of our company”.
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