Corporate Governance

At Montero Mining and Exploration (the “Company”), we believe strongly that good Corporate Governance is important to the Company’s long-term success and the protection of the interests of our stakeholders.

The Board of Directors (the “Board”) primary function is to supervise the management of the business and affairs of the Company. The Board’s fundamental objectives are to enhance and preserve long-term shareholder value and to ensure the Company conducts business in an ethical and safe manner. In performing its functions, the Board should also consider the legitimate interests its other stakeholders such as employees, customers and communities may have in the Company. In carrying out its stewardship responsibility, the Board, through the Chief Executive Officer, shall set the standards of conduct for the Company.

The Board fulfils its responsibilities directly and indirectly through its committees at regularly scheduled meetings or as required. At present, the Board committees consist of the Audit Committee and the Compensation Committee with the Board performing the functions of a nominating committee at this stage of the Company’s development.

The Company’s Corporate Governance practices comply with the national instruments of the Canadian Securities Administrators regarding Corporate Governance Practices, including National Instrument 58-101 – “Disclosure of Corporate Governance Practices”.

Code of Conduct

The Montero Mining and Exploration Ltd. Code of Conduct applies to all Covered Persons, including directors, officers, employees and authorized spokespersons of Montero Mining and Exploration Ltd. and its subsidiaries (the Company). Other Covered Persons include all consultants, contractors, advisors, and other persons involved in business with the Company and its subsidiaries.

Download the Code of Conduct (pdf).