Good Governance creates shareholder security

Fresh Start is bound by specific laws and regulations as set out by various governmental institutions, and has instituted a number of internal policies including the following Corporate Governance Policy.

Corporate governance refers to the process and structure used to direct and manage the business and affairs of a company with the objective of enhancing shareholder value. Corporate governance processes and structures define the division of power among the shareholders, the board of directors and the management of the company and establish accountability.

The Board of Directors oversees the business of the Company and its controlled entities and is responsible for the corporate governance of the Company. The Board establishes broad corporate policies, sets the strategic direction for the Group and oversees management with a focus on enhancing the interests of stockholders.

The Board has adopted "Standards of Business Conduct." The Standards of Business Conduct confirm the Company's policy to conduct its affairs in compliance with all applicable laws and regulations and observe the highest standards of business ethics. The Company intends that the spirit as well as the letter of those standards is followed by all Directors, officers and employees of the Company, its subsidiaries and divisions.

This is communicated to each new Director, officer and employee and has already been communicated to those in positions at the time the Standards of Business Conduct were adopted.

The Standards of Business Conduct deal with the following main areas:

• Corporate assets and information:
  

  (a) Company funds and property;
  (b) Corporate records and accounting;
  (c) Confidential and proprietary information;
  (d) Insider trading;
  (e) Legal disputes;

• Conflicts of interest;
• Dealings with others:

  (a) Government officials;
  (b) Business hospitality;
  (c) Prohibited payments;

• Equal opportunity and unlawful harassment;
• Safety of the workplace and environmental protection;
• Relationships with competitors and other trade practices.

Employees are encouraged to raise any matters of concern with their supervisor or the relevant general counsel. The Standards of Business Conduct also apply to ensure compliance with stock exchange disclosure requirements and to ensure accountability at a senior management level for that compliance.

And the Company has adopted and Environmental Code of Ethics, whereby internal policies have been implemented and are enforced to minimize the company's 'footprint' on the planet.

This includes limiting the negative impacts on the natural environment through the responsible use of resources, effective waste management and minimizing of pollution; limit activities, services and facilities to levels that do not threaten the integrity of the planet's resources or systems while continuing to support the economic goals of the company; and seek innovative solutions to mitigate or avoid undesirable environmental, social and cultural impact