Corporate Governance

The Solaris Copper Board of Directors has responsibility for the stewardship of Solaris Copper, including responsibility for strategic planning, identification of the principal risks of Solaris Copper’s business and implementation of appropriate systems to manage these risks, and the integrity of Solaris Copper’s internal control and management information systems. To facilitate meeting this responsibility, the Solaris Copper Board seeks to foster a culture of ethical conduct by striving to ensure that Solaris Copper carries out its business in line with high business and moral standards and applicable legal and financial requirements.

Recognizing that the company’s success is based on its reputation for sound corporate governance and ethical business practices, the Solaris Copper Board is drafting a number of governance policies that will provide the framework for its corporate culture and business practices.

Currently the Solaris Copper Board has only one formal committee, the Audit Committee, comprised of Alexander Holmes, Marcel de Groot and Scott Heffernan. The Audit Committee is expected to serve as an independent and objective party to monitor the company’s financial reporting and internal control system, to review the company’s financial statements, and to review and oversee such other matters as the Board may delegate to the committee.