Reporting of Irregularities
In compliance with Portuguese Securities Market Commission (CMVM) Recommendations on the corporate governance of listed companies, and to foster a culture of responsibility and diligence, Novabase has adopted a system for communicating irregular practices (“SPI”) occurring within the Novabase Group.
Communication of irregular practices through the SPI is routed to the Audit Board, which designates an individual in charge of the SPI to manage the communications received.
This individual must act with independence and autonomy (notwithstanding responsibility to the Audit Board for the proper performance of his or her duties) and is subject to confidentiality obligations.
Under the system implemented, employees and other Novabase stakeholders have access to a direct, confidential channel to notify the Audit Board of any potentially unlawful practices and/or irregularities, regardless of their nature, occurring in the Novabase Group, irrespective of the culpability that may be attributed, that may have repercussions on the financial statements or information sent to the CMVM, or that may cause serious damage to the company or its stakeholders (employees, customers, partners and shareholders).