Corporate Governance

 

WISTHEM prides itself on abiding by our responsibilities to all involved, such as employees, administration, communities, and the general public, by regulating our Company with integrity, accountability, and clarity.

We accomplish this through our corporate governance practises, as set forth in our Management Information Circular, which addresses pivotal issues such as:

• Ethical business conduct
• Executive compensation
• Authority, composition, and committees of the Board of Directors
• Director autonomy and integrity

The Board of Directors is required to act in the best interest of the Company; as such, it is essentially responsible for overseeing the management of the business and affairs of the organization.

The responsibilities of the Board of Directors include (but are not limited to):

• Review and approval of corporate strategies
• Evaluation and consent of financial statements and the annual budget
• Appointment of the Chief Executive Officer, and assessment thereof
• Monitoring managerial performance
• Certifying effective management processes are in place
• Guaranteeing risks are properly identified and assessed so that appropriate procedures for risk mitigation can be put into action

WISTHEM’s corporate strategy revolves around operating assets that are diversified by commodity, geography and market. In order to achieve this, we have determined that our workforce must also demonstrate diversity, be it gender, ethnicity, skills, or experience.

By adopting and incorporating diversity, teamwork, trust and mutually beneficial relationships, we not only exhibit our core values of respect, integrity, and inclusiveness the focal points of our Company’s strategy and corporate governance practise but we foster a sense of community, pride, and loyalty in our workforce.