The Directors are responsible for the strategic direction of Apollo, the identification and implementation of corporate policies and goals, and monitoring of the business and affairs of Apollo on behalf of its shareholders.

Apollo is cognisant of the Principles of Good Corporate Governance and Best Practice Recommendations as published by the ASX Corporate Governance Council (ACGC) and acknowledges that the ten principles set out therein are fundamental to good corporate governance. The Board complies with ASX listing rule 4.10 which requires Apollo to provide a statement in its annual return disclosing the extent to which those best practices are followed in any reporting period and to identify any recommendations not followed and provide reasons for any recommendations not being followed.

The Board believes that the structure of Apollo, its management and business practices are appropriate for its size and provides a basis of governance which meets the essential corporate governance principles articulated by ACGC in that publication.

One of the key objectives of the Board is to ensure timely, transparent and accurate communications with all shareholders and compliance with all regulatory requirements. As a result, the Board has established an audit and risk committee and a remuneration committee.

The Board comprises three executive directors and three non-executive directors. The terms and conditions relating to the appointment and retirement of directors are determined on an individual basis and in conformity with ASX listing rules and the requirements of the Corporations Act 2001.

The directors recognise the need for the company and its employees to observe the highest standards of behaviour and business ethics when engaging in corporate activities.

A key element of this behaviour is the requirement for directors and employees to act with propriety when dealing in the company’s securities.