52 Icon Energy Annual Report 2025 Corporate Governance Statement continued Trading Window are typically opened for a three week period following: − Announcement of the half yearly financial results; − Announcement of the annual financial results; − The announcement of the Quarterly Reports for the March and September quarters; − The Annual General Meeting; − Issue of a prospectus or a cleansing statement; or − As otherwise determined by the Board. All Directors and employees who wish to trade in the Company’s securities must seek prior written clearance from the Chairman (in the case of Directors) and the Managing Director (for the Chairman, Secretary or employees). The provisions of the Corporations Act 2001 and the Listing Rules of the ASX require Directors to notify ASX of any transactions. IDENTIFICATION AND MANAGEMENT OF SIGNIFICANT BUSINESS RISK The Board receives monthly management reports which enables Directors to identify emerging risk factors and monitor management’s response to these risks. The Board has the responsibility for setting the Company’s Risk Management Policy. Together with senior executives, the Board of Directors is responsible for the development, implementation and management of Icon Energy’s risk management and internal control framework. The Board of Directors also monitors the management of these functions, including as to the manner in which the Group’s material operational and business risks are being effectively managed. Key responsibilities of the Board in this area include: − Monitoring the establishment and implementation by management of the Company’s risk management system; − Monitoring the effectiveness of the systems of financial risk management, governance and internal control; − Endorsing a Risk Management Policy which describes the manner in which both risk and the opportunity are identified, assessed, monitored and managed, including how: − Significant decisions affecting and changes to the business are subject to risk assessment; − Any operational incidents are to be analysed in order to learn from them and successes reviewed in order to repeat them; − All acquisitions and divestments of assets are subject to assessment and management; − Risks and associated control systems are regularly reviewed; and − Performance against risk management plans is monitored and reported upon to the Board. The Board monitors the effectiveness of the Company’s management of material operational and business risks. The Board has received a declaration under Section 295A of the Corporations Act 2001 confirming that the financial records of the entity have been properly maintained and that the financial statements comply with the appropriate accounting standards and give a true and fair view of the financial position and performance of the entity and that the opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. The Company does not have any material risk exposure to environmental or social risks. The Company’s Enterprise-wide Risk Management Policy and Crisis Management Policy which encapsulates the Company’s management of material business risks, including economic, environmental, social sustainability and operational risks, can be found in the Corporate Governance section of the Company’s website.
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