Omni Bridgeway has detailed its commitment to corporate governance, including policies on diversity, anti-bribery, and risk management, as outlined in its latest Corporate Governance Statement.
Material actions and disclosures
Omni Bridgeway has disclosed its diversity policy, which includes measurable objectives for achieving gender diversity in the composition of its board, senior executives, and workforce generally. The company aims to monitor and report on the progress towards these objectives annually.
The company has also adopted an Anti-bribery and Corruption Policy, reflecting its zero-tolerance approach to bribery and corruption. This policy sets out prohibitions on corrupt behavior and provides guidance to staff to ensure compliance with foreign anti-corruption practices and anti-bribery laws.
Furthermore, Omni Bridgeway has established a Whistleblower Policy designed to encourage employees and others to disclose any reportable conduct, including misconduct, corporate corruption, bribery, or fraud, to appointed management. Reports of such conduct are treated confidentially, preserving the whistleblower’s anonymity.
Omni Bridgeway has also disclosed its Continuous Disclosure Policy, which establishes procedures and controls to ensure that directors and management fulfill their obligations under the Corporations Act and the ASX Listing Rules in relation to the timely disclosure of price-sensitive information.
The company’s Audit and Risk Committee, comprising independent non-executive directors, oversees the Group’s risk management systems and reviews internal control and risk management systems. The committee also provides additional assurance regarding the reliability of financial information for inclusion in the financial reports.
Finally, the Nomination and Remuneration Committee, also comprising independent non-executive directors, is responsible for determining and reviewing compensation arrangements for directors and the executive team, as well as the composition of the Board.
These policies and practices reflect Omni Bridgeway’s commitment to maintaining high standards of corporate governance and ethical behavior.