For Macarthur Coal, the term corporate governance refers to the way a company is directed and managed.
Through good corporate governance, Macarthur Coal encourages shareholder value creation (through entrepreneurial approaches to innovation, development and exploration) and provides accountability and control systems appropriate to risk.
The Macarthur Coal board undertakes to provide accountability levels that meet or exceed the ASX Corporate Governance Council's Principles for Good Corporate Governance and Best Practice Recommendations.