Welcome to the Governance section of STRACON Group, a leading mining services company dedicated to serving the mining sector in North, Central and South America. At STRACON Group, we believe that strong governance is the cornerstone of our success and sustainability. In this section, we provide an overview of our commitment to sound governance practices that guide our operations, protect our stakeholders, and ensure our long-term viability.

Board Composition and Independence:

Board Structure: Our company takes pride in maintaining a diverse and independent board of directors. We recognize that a well-rounded board enhances decision-making and fosters innovation. Our board's composition is meticulously designed to ensure a balanced mix of skills, experiences, and perspectives.

Director Independence: Transparency is crucial to us. We disclose the independent status of each board member, and a majority of our directors are independent, free from conflicts of interest. Any potential conflicts are rigorously addressed and mitigated, aligning our interests with those of our stakeholders.

Board Oversight:

Role of the Board: Our board plays an active role in overseeing the company's strategy, risk management, and environmental, social, and governance (ESG) initiatives. It bears the responsibility of setting long-term goals and monitoring progress toward their achievement. These principles are a fundamental part of our governance vision.

Committees: To ensure focused governance in key areas, we have established various committees, including Audit and Risk, Talent and Compensation, Corporate Finance, and ESG. These committees include independent directors, further ensuring robust oversight.

Ethical Practices:

Code of Conduct and Ethics: STRACON Group maintains a comprehensive Code of Conduct and Ethics that applies to all employees and directors. This code outlines our steadfast commitment to integrity, honesty, and ethical behavior in all business operations.

Whistleblower Protection: We have implemented mechanisms for employees and stakeholders to confidentially report ethical concerns or misconduct, safeguarding them from retaliation. All reports are thoroughly investigated, upholding our commitment to ethical practices.

Policy for the Prevention of Corruption, Money Laundering, and Financing of Terrorism: We are committed to complying with all regulations and best practices in preventing corruption, money laundering, and the financing of terrorism.

Risk Management:

Risk Oversight: Our board oversees the company's comprehensive risk management framework, which includes identifying, assessing, and mitigating business risks, including those related to ESG factors. We strive to maintain a robust framework to protect our stakeholders' interests.

ESG Risks: STRACON Group is dedicated to monitoring and assessing environmental and social risks, and we have implemented specific programs and strategies to manage these risks over the long term. We continually evaluate and update these strategies to align with our sustainability goals.

Regulatory Compliance:

Compliance Framework: We are committed to adhering to all relevant laws and regulations related to ESG issues and beyond.

Advocacy: STRACON Group engages in advocating for policies that promote sustainability, responsible governance, and social responsibility, further demonstrating our commitment to positive change within our industry. As we continue to develop and refine our governance practices, we remain dedicated to transparency, accountability, and the highest standards of corporate responsibility. We invite you to explore this section to learn more about our governance initiatives and how they align with our mission to deliver excellence in mining services while upholding the highest ethical and environmental standards.