Corporate Governance Ideology
American Exploration Corp. Board of Directors is
assigned with, and responsible for, the oversight of the
assets and business affairs of American Exploration
Corp. in a truthful, fair, conscientious and ethical
manner. This Board has long believed that good corporate
governance is significant to our fulfilling and
obligations to shareholders. We strongly believe that
good governance is an expedition, not a target.
Therefore, we are committed to reviewing our governance
procedures at least annually, with a view to continuous
improvement. As our governance processes progress, we
will change this document. One thing that we will not
change, however, is our commitment to guarantying the
integrity of American Exploration Corp. in all of its
dealings with stakeholders. Our continued focus on
leadership in corporate governance is an integral part
of fulfilling our commitment to shareholders.
Code of Conduct for the Board of Directors of American Exploration Corp.
The members of the Board of Directors of American
Exploration Corp. Inc. recognize and accept the scope
and extent of our duties as directors. We have an
accountability to carry out our duties in an honest and
businesslike manner and within the scope of our
authority, as set forth in the General Corporation Laws
of the State of Nevada and in the Certificate of
Incorporation and By-Laws of American Exploration Corp.
We are entrusted with and responsible for the oversight
of the assets and business affairs of American
Exploration Corp. in an honest, fair, conscientious and
ethical manner. As Directors we must act within the
boundaries of the authority bestowed upon us and with
the duty to make and pass informed decisions and
policies in the best interests of American Exploration
Corp. Inc. and its shareholders. The Board of Directors
has adopted the following Code of Conduct and our
Directors are expected to adhere to the standards of
loyalty, good faith, and the avoidance of conflict of
interest that follow:
Our Board Members:
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Act
honestly, fairly, ethically and with
integrity; |
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Act
in the best interests of, and
fulfill their fiduciary obligations
to, American Exploration Corp
shareholders; |
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Conduct themselves in a
professional, courteous and
respectful manner; |
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Comply with all applicable laws,
rules and regulations; |
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Act
in good faith, responsibly, with due
care, competence and diligence,
without allowing their independent
judgment to be subordinated; |
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Act
in a manner to enhance and maintain
the reputation of American
Exploration Corp. |
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Disclose potential conflicts of
interest that they may have
regarding any matters that may come
before the Board, and refrain from
discussion and voting on any matter
in which the Director has or may
have a conflict of interest; |
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Make
available to and share with fellow
Directors information as may be
appropriate to ensure proper conduct
and sound operation of American
Exploration Corp. and its Board of
Directors; |
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Respect the confidentiality of
information relating to the affairs
of the Company acquired in the
course of their service as
Directors, except when authorized or
legally required to disclose such
information; and |
| |
Not
use confidential information
acquired in the course of their
service as Directors for their
personal advantage. |
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