Governance

At Xstreco, we recognize the critical role that strong corporate governance plays in the success and long-term sustainability of our business. We are committed to upholding the highest standards of corporate governance, which includes ensuring transparency, accountability and ethical business practices in all of our operations and decision-making processes.

Our approach to corporate governance includes the following key elements:

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Board of Directors:

Our Board of Directors is responsible for overseeing the strategic direction, risk management and overall performance of the Company. The Board consists of a diverse group of individuals with a wide range of skills, expertise and experience. This diversity ensures a balanced perspective and effective decision-making. We also maintain a clear separation of roles between the Board and management, with the Board focusing on oversight and strategic direction, while management is responsible for the day-to-day management of the business.

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Board Committees:

To assist the Board in its oversight role, we have established several committees, including an Audit Committee, a Compensation Committee and a Sustainability Committee. These committees are charged with overseeing specific aspects of our corporate governance framework and ensuring that our business practices are consistent with our commitment to transparency, accountability and ethical behavior.

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Code of Conduct:

We have developed a comprehensive Code of Conduct that sets forth the ethical standards and principles that govern the conduct of our employees, directors and officers. The Code provides guidance on a range of topics, including conflicts of interest, anti-corruption, confidentiality and human rights. We require all employees to comply with the Code and to report any potential violations through our confidential reporting mechanisms.

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Risk Management:

We recognize that effective corporate governance requires a sound approach to risk management. We have implemented a comprehensive risk management framework to help us identify, assess and manage risks across our business. This framework ensures that we proactively address potential risks and take appropriate steps to mitigate their impact on our business.

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Transparency and Reporting:

We are committed to maintaining open and transparent communication with our stakeholders. We provide regular updates on our performance, financial results, and other material information through our annual reports, regulatory filings, and other public disclosures. We also engage with our stakeholders through a variety of channels, including investor meetings, analyst calls, and industry events.

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Compliance:

We recognize the importance of complying with all applicable laws, regulations and industry standards in the jurisdictions in which we operate. We have established a robust compliance program to ensure that our employees are aware of and comply with these requirements. Our compliance program includes ongoing training, monitoring and enforcement mechanisms to ensure the highest level of compliance.