Arrow Minerals (ASX:AMD) said it has re-approved its securities trading policy and adopted a new compliance policy 10.11, following an independent review prompted by a breach earlier this year involving a director's participation in a share placement, according to a Friday filing with the Australian bourse.

On March 14, the company said Non-Executive Director Chris Tuckwell inadvertently acquired 657,895 shares under tranche 1 of a January placement without prior shareholder approval, breaching the Australian Securities Exchange rule.

The company engaged Pitcher Partners to review its governance processes and said all recommendations from the review will be adopted.