Audinate has adopted a range of policies and procedures to enhance corporate governance, including a Code of Conduct, Whistleblower Policy, and Anti-Bribery and Corruption Policy. The company’s commitment to ethical and responsible practices is reflected in these updates, which are available on the company’s website.
Material actions and disclosures
The company has disclosed its Code of Conduct, which applies to all directors, senior executives, officers, and employees. The Board receives regular reporting on any material breaches of this code. Additionally, Audinate has adopted a Whistleblower Policy for confidential reporting of reportable conduct, and an Anti-Bribery and Corruption Policy as part of its Code of Conduct. The Board is informed of any material breaches of these policies.
The company has also adopted a Diversity Policy, which sets measurable objectives for achieving gender diversity in the composition of its board, senior executives, and workforce. The Remuneration and Nomination Committee reports to the Board on gender diversity initiatives, and the Directors’ Report includes disclosures on the company’s measurable objectives for gender diversity and progress towards achieving these objectives.
Audinate has established an Audit and Risk Management Committee to oversee the management of risks. The committee is responsible for ensuring that the company maintains effective risk management and internal control systems and processes. The committee regularly reviews the company’s risk management framework to ensure it continues to be sound and that the company is operating with due regard to the risk appetite set by the board.
The company does not have an internal audit function, but it employs processes for evaluating and continually improving the effectiveness of its governance, risk management, and internal control processes.
Finally, the company has a Remuneration and Nomination Committee, which is governed by a Remuneration and Nomination Committee Charter. The committee is responsible for regularly reviewing the size, composition, and skills of the Board to ensure it is well-equipped to oversee the company’s strategy and performance, while effectively managing risk and supporting value creation for shareholders.
These updates reflect Audinate’s commitment to corporate governance and ethical practices, as outlined in its policies and procedures.