Norwood Systems Limited has updated its Corporate Governance Statement, disclosing its adherence to ASX Corporate Governance Council recommendations and outlining its commitment to diversity, ethical conduct, and risk management.
Material actions and disclosures
Norwood Systems Limited has disclosed its diversity policy, including measurable objectives for achieving gender diversity across its board, senior executive positions, and workforce. The company also has a code of conduct for directors, senior executives, and employees, and a whistleblower policy. Additionally, the company has a process for evaluating the performance of the board, its committees, and individual directors.
Norwood Systems Limited has also disclosed its continuous disclosure compliance policy and its processes to safeguard the integrity of its corporate reports. The company has a process to verify the integrity of periodic corporate reports that are not audited or reviewed by an external auditor.
The company has disclosed its anti-bribery and corruption policy and its processes to ensure that the board or committee of the board is informed of any material breaches of that policy.
Norwood Systems Limited has also disclosed its processes to facilitate and encourage participation at meetings of security holders and to ensure that all substantive resolutions at a meeting of security holders are decided by a poll rather than by a show of hands.
Forward commitments
Norwood Systems Limited has outlined its commitment to continue evaluating the performance of the board, its committees, and individual directors. The company also plans to continue disclosing its processes to safeguard the integrity of its corporate reports and to verify the integrity of periodic corporate reports.
Additionally, the company aims to continue disclosing its processes to facilitate and encourage participation at meetings of security holders and to ensure that all substantive resolutions at a meeting of security holders are decided by a poll rather than by a show of hands.
Norwood Systems Limited’s Corporate Governance Statement is available on its website at <a href=