Corporate Governance

Integrity

At Univox, we believe in doing what’s right. We embrace the highest standards of personal and professional integrity. We never compromise our business principles. And we stay true to basic ideals that include good governance, transparent accounting, and the delivery of long-term shareholder value.

We conduct our business using solid practices. These include an organizational structure that balances the operational and technical aspects of our Company; a focused business model that allows us to manage risk while pursuing continued growth; Practice and Risk Management teams dedicated to ensuring good professional practices and loss prevention; and training and development for all employees. As our Company evolves, we continue to invest in our employees and training to enhance our client-service delivery.

Stewardship

At Univox, our board is responsible for the stewardship of our Company. It actively engages in Univox's strategic planning process alongside senior management and conducts periodic reviews of management's performance regarding key strategic and operational objectives. Succession planning, especially for the president and CEO positions, as well as board compensation, also fall under the board's purview for review.

Additionally, our board assumes the responsibility of identifying Univox's principal risks and regularly monitoring the effectiveness of the current risk management systems. This diligent oversight aims to safeguard and protect shareholder value. Furthermore, the board plays a crucial role in defining the responsibilities of management and ensuring the integrity of internal control and management information systems within the organization. By upholding these responsibilities, the board fulfills its duty to the Company and its stakeholders in promoting long-term success and sustainable growth.

Independence

We adhere to corporate governance guidelines by maintaining a board structure in which a majority of directors are independent. As well, the board’s two committees, the Corporate Governance and Compensation Committee and the Audit and Risk Committee, are both composed entirely of independent directors. Every board meeting includes a session held without management present. The Corporate Governance and Compensation Committee assesses the board and its other committees’ performance on an annual basis and may authorize individual directors to consult independent advisors at the Company’s expense.