Norwood Systems Limited has outlined its corporate governance and environmental, social, and governance (ESG) policies, focusing on ethical conduct and risk management. The company has adopted a Code of Conduct that sets out expectations for directors and employees regarding personal and professional behavior, conflicts of interest, and compliance with laws and regulations. Additionally, the company has established a whistleblower policy to protect individuals who report misconduct.
Material Actions and Disclosures
The company has also implemented a risk management policy that identifies and measures risks that might impact the achievement of its goals and objectives. It formulates risk management strategies and designs appropriate risk management policies and internal controls. The board oversees and approves risk management strategy and policies, internal compliance, and internal control.
The company does not currently have an internal audit function but has adopted procedures to evaluate and continually improve the effectiveness of its risk management and internal control processes.
Norwood Systems Limited has adopted a diversity policy that aims to promote workplace diversity and recognizes the benefits arising from employee and board diversity, including a broader pool of high-quality employees and access to different perspectives and ideas.