Corporate Governance

Risk Management Policy

Paxys recognizes that there is always uncertainty in doing business. These uncertainties come in the form of risk or opportunities that may present a threat to achieving the Company’s objectives or may lead to potential growth and value if treated and managed effectively.

The effective management of the risks brought by uncertainties is the underlying rationale for the Enterprise Risk Management (ERM) framework of the Company. Risks associated with the business are identified and managed through a top down approach. In assessing their potential effects, the identified risks are measured in terms of impact and likelihood. Action plans are then taken to ensure that the risks are addressed accordingly.

The Audit and Risk Management committee assists the Board of Directors in defining the Group’s risk appetite and overseeing the Group’s risk profile and performance against the defined risk appetite.

Whistle Blowing Policy

Paxys is committed to high standards of ethical, moral, and legal conduct. Directors, officers and employees are encouraged to report suspected anomalies, illegal acts, malpracties and violations in the organization’s Code of Displine, Code of Ethics and Conduct and other company rules and regulations without fear of retaliation, punishment or unfair treatment. To facilitate follow-up and inquiries during investigation, whistleblowers are encouraged to identify themselves, although not required.

Conflict Interest Policy

Directors, officers and employees of Paxys shall avoid any potential conflict between their respective personal, professional or business interests and the interests of the Company, in any and all actions taken by them on behalf of the Company in their respective positions or capacities.

If any director, officer, or employee has any direct or indirect interest in, or relationship with, any individual or organization that proposes or has any transaction with the Company, such person should disclose such interest or relationship and refrain from influencing the approval, approving or managing the particular transaction in which he has an interest. The Company reserves its right to transfer the assignment of such person should they find it necessary in order to preserve the interests of the Company.

Insider Trading Policy

Paxys preserves the fairness and integrity of the trading of its securities by establishing policies to ensure that illegal insider trading and/or “tipping” of material non-public information is prevented.

As a company policy, directors, officers or any employee, agent, advisor or consultant of the Paxys Group, who possess material non-public information, are prohibited from trading in the Company’s securities, on the basis of such information, directly or indirectly through family members within the third degree of consanguinity or affinity and other persons or entities.

Disclosing such information to others who might use it for trading, known as “tipping”, is likewise prohibited and would lead to penalty and/or sanctions in accordance with the company’s Code of Ethics and Conduct and other company policies.

Related Party Transactions Policy

Paxys has established procedures to ensure the integrity and transparency of related party transactions between and among the Company and its joint venture partners, subsidiaries, associates, affiliates, major stockholders, officers and directors, including their spouses, children and dependent siblings and parents, and of interlocking director relationships by directors and officers.

The Company does not engage in related-party transactions without prior Board approval. The arms-length principle is applied and these transactions are properly recorded and disclosed in the financial records.

Health and Safety Policy

Paxys believes that the well-being of the Company is driven by the health and safety of its workforce, clients, and the public at large.

With this, Paxys shall exert reasonable efforts and resources to continuously provide and maintain a safe and healthy work environment.

Employees, clients, and third-parties when inside the company premises are encouraged to observe and follow the company safety measures and health standards.