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.