The Audit and Risk Management Committee’s charter and information on the selection and appointment of the Company’s  external auditor is available in the corporate governance section on the Company’s website. Information regarding qualifications  and meeting attendance can be found in the Directors’ Report of this Annual Report.  The Company has adopted a Market Disclosure Policy to ensure compliance with its continuous disclosure obligations whereby  relevant information that could cause a reasonable person to expect a material effect on, or lead to a substantial movement in,  the value of Sundance’s share price, is immediately made available to shareholders and the public as a release to the ASX. D  Connor, as Company Secretary, has been nominated as the person primarily responsible for communications with the ASX. All  material information concerning the Company, including its financial situation, performance, ownership and governance is  posted on the Company’s web site to ensure all investors have equal and timely access. The Market Disclosure Policy is available  in the corporate governance section on Sundance’s website.  The Board fully recognises its responsibility to ensure that its shareholders are informed of all major developments affecting the  Company. All shareholders, who have elected to do so, receive a copy of the Company’s Annual Report and the Annual, Half  Yearly and Quarterly Reports are prepared and posted on the Company’s website in accordance with the ASX Listing Rules.  Regular updates on operations are made via ASX releases. All information disclosed to the ASX is posted on Sundance’s website  as soon as possible after it is disclosed to the ASX. When analysts are briefed on aspects of the Company’s operation, the material  used in the presentation is immediately released to the ASX and posted on the Company’s website. Sundance encourages its  shareholders to attend its annual meetings and to discuss and question its Board and management. The Company’s external  auditor is requested to attend the annual general meeting and be available to answer shareholder questions about the conduct  of the audit and the preparation and content of the audit report. The Shareholder Communications Policy is published on the  Company’s website under the corporate governance section.  Sundance has established a Risk Management Policy whereby the primary purpose of the policy is to ensure that:  • Appropriate systems are in place to identify, to the extent that is reasonably practical, all material risks that the  Company faces in conducting its business;  • The financial impact of those risks is understood and appropriate controls are in place to limit exposures to them;  • Appropriate responsibilities are delegated to control the risks; and  • Any material changes to the Company’s risk profile are disclosed in accordance with the Company’s continuous Market  Disclosure Policy.  The Audit and Risk Management Committee is responsible for approving and monitoring the overall financial and operational  business risk profile of the Company, and reporting its findings to the full Board. In addition, by the nature of the upstream oil  and gas business this topic is intrinsically covered during each Board meeting. The Board requires the executives to design and  implement the risk management and internal control system to manage the Company, and to report to the Board.  The Board has received assurance from the Managing Director and Chief Financial Officer that the declaration provided in  accordance with section 295A of the  Corporations Act 2001  is founded on a sound system of risk management and internal  control which is operating effectively.  - 52 -  $^{ }$Principle 7: Recognise and Manage Risk  7.1 Risk Assessment and Management  Principle 6: Respect the Rights of Shareholders $^{ }$Principle 5: Make Timely and Balanced Disclosure