ESG

Corporate Governance

Overview

  1. Board Charter
  2. Nominations & Remuneration
  3. Audit and Risk Committee Charter
  4. Continuous Disclosure Policy
  5. Securities Trading Policy
  6. Code of Conduct Policy
  7. Gifts, Benefits, Bribery and Hospitality Policy
  8. ECT Disciplinary Action Policy
  9. Whistleblower Policy
  10. Corporate Governance Statement
  11. Constitution

Charters

Board Charter

Environmental Clean Technologies Limited’s directors and management are committed to conducting the Company’s business ethically and in accordance with high standards of corporate governance in compliance with the ASX Corporate Governance Principles and Recommendations (2019).

Nominations & Remuneration

The nomination and remuneration committee is a committee of the board established by the board in accordance with Principle 8 of the ASX Corporate Governance Principles and Recommendations.

Audit and Risk Committee Charter

The primary responsibility of the Audit and Risk Committee is to oversee the Company’s financial reporting processes on behalf of the Board and report the results of its activities to the Board.

The Board of Directors is responsible for the Company’s financial reports including the appropriateness of the accounting policies and principles that are used by the Company. The external auditors are responsible for auditing the company’s financial reports and for reviewing the Company’s interim financial reports.

Policies

Continuous Disclosure Policy

As a listed public company, Environmental Clean Technologies Limited (the Company) is required to comply with a continuous disclosure obligation contained in the Listing Rules of the Australian Stock Exchange Limited (ASX). This continuous disclosure obligation is complemented by requirements under the Corporations Act 2001 (Cth) (Corporations Act).

The Company is committed to compliance with its continuous disclosure obligation in the spirit of the Listing Rules of the ASX and the corporate governance best practice recommendations made by the ASX Corporate Governance Council.

Securities Trading Policy

The purpose of this policy is to explain the type of conduct that is prohibited under the Corporations Act, which is applicable to all directors, executives, employees and contractors of Environmental Clean Technologies Limited or its subsidiaries; and to establish a best practice procedure relating to buying and selling securities that provides protection to both the Company and employees against the misuse of unpublished information which could materially affect the value of securities.

Code of Conduct Policy

This Policy is designed to maintain high standards of integrity, professionalism and accountability for Environmental Clean Technology’s (“ECT” or “Company”) directors and employees.

This document is a public statement of how we conduct our business and how we treat the people we deal with.

Gifts, Benefits, Bribery and Hospitality Policy

The Company has adopted a policy in relation to gifts, benefits, bribery and hospitality.

The purpose of the policy is to outline ECT’s responsibilities in relation to the receipt and provision of gifts, benefits and hospitality by:

  1. setting out the responsibilities of the ECT Group of companies and ECT personnel in observing and upholding the prohibition on bribery and related improper conduct; and
  2. providing information and guidance on how to recognise and deal with instances of bribery and corruption.

ECT is committed to complying with the laws and regulations of the countries in which its business operates and acting in an ethical manner, consistent with the principles of honesty, integrity, fairness, and respect. Bribery and the related improper conduct referred to in this policy are serious criminal offences for both the company and any individuals involved. They are also inconsistent with ECT’s values.  Laws prohibiting the types of improper payments covered by this policy apply in all the countries in which ECT has operations or engages in trading activities. Many laws, such as the Australian Criminal Code and the Indian Prevention of Corruption Act 1988, have application at home and abroad.

ECT Disciplinary Action Policy

ECT’s Code of Conduct Policy outlines what is acceptable behaviour within the organisation.

ECT’s Discipline Action Procedure is designed to provide a structured corrective action process to improve and prevent a recurrence of undesirable employee behaviour and performance issues. ECT takes into consideration whether the offence is repeated despite coaching, mentoring or training, the employee’s work record, and the impact the conduct and performance issues have on the organization.

ECT regularly reviews performance using a performance review/appraisal process which helps the employee to understand which areas they are doing well and which areas they are not doing so well and provides opportunities for training and improvement to fill any performance gaps.

Whistleblower Policy

The Environmental Clean Technologies group of companies (ECT) is committed to the highest standards of ethical conduct in all business activities.

The purpose of this policy is to support ECT’s commitment to the highest standards of ethical conduct and to provide everyone working at ECT with the means to raise concerns, without the fear of retaliation, regarding Reportable Conduct.

Corporate Governance Statement

This Corporate Governance Statement of Environmental Clean Technologies Limited (the ‘company’) has been prepared in accordance with the 4th Edition of the Australian Securities Exchange’s (‘ASX’) Corporate Governance Principles and Recommendations of the ASX Corporate Governance Council (‘ASX Principles and Recommendations’).

Constitution

Company Constitution of Environmental Clean Technologies Limited as adopted by special resolution on 25 June 2021.