DroneShield (ASX:DRO) announced a series of governance and policy changes following an independent review of the company's continuous disclosure and securities trading practices.
The review, conducted by Herbert Smith Freehills Kramer and overseen by independent directors Simone Haslinger and Richard Joffe, examined key aspects of the company's governance framework.
Among the immediate actions, DroneShield will introduce a mandatory minimum shareholding policy for directors and senior management, requiring directors to hold shares equivalent to their annual base fee within three years and the CEO to hold shares equivalent to 200% of their annual salary within 12 months.
The company will also update its securities trading policy and continuous disclosure policy to align with ASX200 standards.
In addition, the board has commenced a search for an additional independent non-executive director with ASX200 experience, to be appointed within 12 months.
DroneShield is also reviewing its director and executive remuneration framework, with support from PayIQ Executive Pay, to ensure alignment with ASX200 expectations and the company’s dynamic industry context, with updates expected in the February 2026 remuneration report.
The company is further enhancing verification processes for ASX announcements, which have been reviewed by independent auditors, and plans a broader review of financial reporting processes and internal controls after completing its ERP implementation in January 2026.
At the time of reporting, DroneShield's share price was $2.84.