Zeotech has outlined its commitment to enhancing its corporate governance and compliance framework, focusing on ethical conduct and whistleblower policies. The company has disclosed its Statement of Values and Corporate Code of Conduct, which are available on its website. Additionally, Zeotech has a Whistleblower Policy in place, ensuring that any material breaches are reported to the Board or relevant committee.
Material actions and disclosures
The company has a diversity policy and a process for periodically evaluating the performance of the board, its committees, and individual directors. Zeotech also has a Remuneration Committee Charter, although it does not have a separate remuneration committee at this stage.
The Board has decided not to form a separate Audit Committee at this stage, considering it more efficient for the Board to perform the function of the Audit Committee. The company has an Audit Committee Charter and the Board reviews the identification, management, and reporting of risk as part of the annual budget process.
Zeotech does not believe it has any material exposure to environmental or social risks and has disclosed this information in its Annual Report available on the company’s website.
The company’s CEO and CFO provide declarations that the financial records have been properly maintained and that the financial statements comply with the appropriate accounting standards and give a true and fair view of the financial position and performance of the company.
The Company Secretary is accountable directly to the Board, through the Chairperson, on all matters to do with the proper functioning of the Board.