The Board of Admiralty Resources NL endorses good corporate governance practices and oversees an organisation-wide commitment to high standards of legislative compliance and financial and ethical behaviour.

The Directors’ overriding objective is to increase shareholder value within an appropriate framework that protects the rights and enhances the interests of all shareholders and ensures the Company conducts its business lawfully and ethically. 

The Board of Directors has reviewed the Company's corporate governance practices and procedures according to the "Corporate Governance Principles and Recommendations" released by the ASX in 2007 and has put in place a revised framework of internal policies, prodcedures and guidelines for the governance of the Company, which has appropiate regard to the ASX Principles and Recommendations.

The governance framework is reviewed annually by the Board with the object of achieving at all times the highest standards of corporate governance and ethical corporate behaviour.