LYC 0.66% $6.06 lynas rare earths limited

increase in director remuneration - red flag, page-70

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    I should add an extract from a report that I am examining at the moment as part of a review for our company which is about to issue a prospectus for further fund raising. This is what has been lacking in the Lynas Saga

    Sustainability Strategic Plans
    Development of sustainability strategic plans that address the risks and hazards to the business is an integral part of most programs. Plans should embrace the company vision and Policies and Plans need to be vertically integrated through the business with clear responsibilities and accountability for delivery, performance metrics and reporting. xxxxx can work with your teams to develop these plans and assist in the deployment and performance reviews.

    Risk Management
    Risk Management under pins the modern business environment with both External and Internal risk assurance programs in place. Risk and hazard are well established in the Health & Safety and Environmental field, however, applying the same principles in the Community and Social Responsibility have enabled companies to clearly identify the potential threats to the business and develop appropriate action plans. The use of Bow Tie methodology has proved to particularly useful to unpack complex risk assessments and focus on the “critical controls” required to reduce the likelihood of an event occurring. xxxxx can work with your company to review risk registers and company profiles and develop the Bow Ties through workshop formats and integrate into the IMS.

    Integrated Management Systems
    Most companies have developed systems based on the ISO format. With increasing Internal and External obligations having an integrated system that meets all of these obligations through the various life cycles of a project can be a challenge. The system should have a clear line of sight to the Policy

    etc etc.
 
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