The Board is responsible for the overall corporate governance of Archer Exploration. This includes
setting its strategic direction and objectives, and monitoring progress to the achievement of these
goals. The Company is not of a size, nor its affairs of such complexity, that a large Board and management structure, or the establishment of separate governance committees, is warranted at this time. The Board has developed a system of corporate and management protocols that conform to all applicable regulations and standards. The conduct of the Company’s affairs are governed by these protocols under the direct oversight of the entire Board.

To the extent that they are relevant to the organisation, the Company’s protocols incorporate the Ten Corporate Governance Principles and Best Practice Recommendations as published by the ASX
Corporate Governance Council. The protocols include:

• Continuous disclosure - The Directors are committed to keeping the market fully informed of material developments to ensure compliance with the ASX Listing Rules and the Corporations Act. At each Board meeting specific consideration is to be given as to whether any matters should be disclosed under the Company’s continuous disclosure policy.
  
  
• Share trading - Directors, management and other employees as nominated are normally only permitted to trade in securities during a four week period commencing 24 hours after the announcement to ASX of the half yearly and annual results and after the conclusion of the Company’s annual general meeting, provided that the person is not in possession of price sensitive information. Any trading outside these periods can only be conducted with the prior written approval of the Chairman.
  
  
• Related party matters - Directors and senior management are required to advise the
  Chairman of any related party contract or potential contract. The Chairman will inform the Board, and the reporting party will be required to remove himself/herself from all discussions and decisions involving the matter (unless the Directors resolve otherwise in accordance with the Corporations Act).
  
  
• A Code of Conduct for all Archer Exploration personnel which outlines the ethical framework in which the company operates. This includes an overarching commitment to providing a safe work environment for all staff, and policies which embed lawful, safe and ethical behaviour into all of the Company’s business dealings.