52 Icon Energy Annual Report 2024 Corporate Governance Statement continued ETHICAL STANDARDS The aim of the Company is to ensure that all Directors, managers and employees act with integrity and promote ethical and responsible behaviour which will enhance the reputation and performance of the Group. The Company has an approved Code of Conduct and Ethics which describes Icon Energy’s values, as well as other policies and procedures in place incorporated into an ethical framework on which the Company bases its decisions – as individuals and as a corporate entity. A copy of these Policies and all corporate governance information can be found in the Corporate Governance Section on the Company’s website. CODE OF CONDUCT AND ETHICS The standard of behaviour required of Icon Energy’s Directors and employees, as well as of contractors engaged to perform work on behalf of the Company requires: − Best Interests: Acting in the best interests of the Company and working to create value for its shareholders and stakeholders. − Integrity and Fairness: Conducting all dealings with honesty, integrity, and fairness, both internally and with third parties. − Legal Compliance: Adhering to all applicable laws and regulations governing the Group and its operations. − Conflict of Interest: Avoiding or appropriately managing any conflicts of interest that may arise. The Company has a process in place for Directors, employees and third parties to report potential breaches of the Code of Conduct and Ethics. The Code is periodically reviewed to check that it is operating effectively and whether any changes are required to the code CODE OF CONDUCT Further general principles of conduct under the Company’s Code of Conduct and Ethics, include: − Ethical and Responsible Practices: Conducting business with the highest ethical standards and responsibility. − Sustainable Development: Integrating sustainable development considerations into our decision-making processes. − Economic Contribution: Promoting economic growth and business development, generating government revenue, providing commercial returns to the industry, and contributing to the wealth created by Australia’s natural resource base. − Risk Management: Implementing health, safety, environmental, and community risk management strategies that are based on sound science, transparency, and effective communication. − Continuous Improvement: Continuously seeking opportunities to enhance health, safety, and environmental performance, addressing risks posed by our operations to employees, contractors, the public, and the environment. − Biodiversity and Environmental Protection: Contributing to biodiversity conservation and environmental protection through responsible management of our operations and their impacts. − Community Development: Supporting the economic and social development of the communities in which we operate. − Human Rights: Respecting and protecting human rights and dignity at our operations and dealing fairly with employees and others. − Community Engagement: Engaging openly and effectively with our communities and reporting on our activities. − Share Trading Policy: Directors and Executives must notify the Chairman or Managing Director before trading in the Company’s shares and must comply with the Company’s Share Trading Policy. These principles underpin our commitment to ethical conduct and responsible business practices, ensuring we operate with integrity and contribute positively to all our stakeholders.
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