As a foreign issuer with a secondary listing of shares on the NASDAQ OMX Stockholm, SEMAFO is not required to comply with the corporate governance rules of the Swedish Companies Act or of the Swedish Code of Corporate Governance (the "Swedish Code"). SEMAFO believes in adhering to best-practice corporate governance on a global level whenever possible and a description of the key differences between the Swedish Code and the Canadian corporate governance principles may be viewed through the document titled Principal Differences Between Swedish Corporate Laws and Rules Applicable to SEMAFO in Canada.
SEMAFO's Board of Directors is responsible for the stewardship of the Corporation and for supervising the management of its business and affairs. In fulfilling its duties, the Board oversees strategic planning, operations, risks, executive management, integrity, governance, environment and sustainable development and financial reporting and material transactions.
From time to time, the Board may establish committees of the Board, delegate responsibilities to, appoint Board members of as well as a Chair for each such committee. The Board's current committees are the Audit Committee, the Human Resources and Corporate Governance Committee and the Environmental, Health & Safety and Sustainable Development Committee.
The following are the mandates of the Board and its various committees.
SEMAFO's Code of Conduct and policies may be viewed through the links below:
This web site contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. These forward looking statements include statements regarding our expectations as to the market price of gold, production targets, timetables, mining operation expenses, capital expenditures and mineral reserves and resources estimates. Forward-looking statements include words or expressions such as “committed”, “evolve”, “become”, “maximize”, “pursuing”, “growth”, “scheduled”, “expected”, “estimated”, “will”, “should” and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward looking statements include the ability to execute on our strategic focus, fluctuations in the price of currencies, gold or operating costs, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays, requirements of additional financing, increase in tax or royalty rates or adoption of new interpretations related thereto, political and social stability in Africa (including our ability to maintain or renew licenses and permits) and other risks described from time to time with Canadian securities regulatory authorities. You can find further information with respect to these and other risks in filings made with the Canadian securities regulatory authorities available at www.sedar.com. Documents are also available on our website at www.semafo.com. We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law.