archTIS Limited has outlined its commitment to robust corporate governance and compliance measures, including the implementation of a whistleblower policy and an anti-bribery and corruption policy, as well as adherence to the recommendations of the ASX Corporate Governance Council.
Material actions and disclosures
The company has disclosed its whistleblower policy and anti-bribery and corruption policy on its website, ensuring that all personnel are required to comply with these policies. Material incidents reported under the whistleblower policy and breaches of the anti-bribery and corruption policy are reported to the Board or the Audit and Risk Committee.
archTIS Limited has also disclosed its compliance with the ASX Corporate Governance Council recommendations, including the requirement to have and disclose a diversity policy, a process for periodically evaluating the performance of the board, and a code of conduct for directors, senior executives, and employees.
The company has committed to an inclusive workplace that values diversity while upholding the principle of meritocracy. However, due to the small size of the company and its workforce, it does not have sufficient resources to define, implement, and measure a formal diversity program at this stage. Once the company’s workforce exceeds 100 employees, it intends to adopt practices in line with the recommendations of the ASX Corporate Governance Council.
Additionally, archTIS Limited has disclosed its process for safeguarding the integrity of its corporate reports, including the review of its risk management framework and the appointment and removal of the external auditor.
Forward commitments
archTIS Limited aims to adopt practices in line with the recommendations of the ASX Corporate Governance Council once its workforce exceeds 100 employees, including setting measurable objectives for achieving gender diversity.
The company also plans to continue its commitment to maintaining a sound risk management framework and internal control systems, subject to annual review by the Board.
These measures reflect archTIS Limited’s dedication to promoting good corporate conduct grounded by strong ethics and responsibility.