Corporate governance
The WiseTech Board is responsible for our overall corporate governance, including establishing and monitoring key performance goals, and is committed to maximizing performance, generating appropriate levels of shareholder value and financial returns, and sustaining our long-term growth and success.
In conducting business in accordance with these objectives, the Board seeks to ensure that we are properly managed to protect and enhance shareholder interests, and that we, our Directors, officers and staff operate in an appropriate environment of corporate governance. Accordingly, the Board has created a framework for managing WiseTech Global, including adopting relevant internal controls, risk management processes and corporate governance policies, principles and practices which it believes are appropriate for our business and which are designed to promote the responsible management and conduct of WiseTech Global.
Principles and policies
WiseTech recognizes the importance of ethical conduct by all its directors, management and employees. Our Code of Conduct sets out our commitment to maintaining high levels of integrity, legal, moral, and ethical standards in our business practices.
All of our team members commit to our Code of Conduct. This contains key information our people must understand to comply with applicable laws, employ a consistent approach to key integrity issues, and conduct ourselves appropriately in our interactions with stakeholders, including customers, suppliers, team members and local communities.
We are committed to continuous improvement, transparency, and accountability. We do not tolerate workplace misconduct.
As part of onboarding, all employees (including temporary employees and contractors) are required to review the Code of Conduct and pass a related training module to assess understanding and application. After this, our people complete refresher training once every two years.
The WiseTech Senior Management Team, chaired by the Chief Executive Officer, provides management oversight of the effectiveness of our Code of Conduct and policies.
Human Rights and modern slavery
Conducting our business with utmost integrity is vital to build trust with customers and suppliers, avoid risks and comply with laws set by the countries in which we operate.
We are committed to maintaining ethical standards in how we conduct our business activities and stakeholder relationships. These expectations are set out in our Code of Conduct, which our people commit to abide by. See the Code of Conduct section for more information.
Our Human Rights Principles set out our commitment to upholding and respecting human rights as articulated in the UN Guiding Principles of Business and Human Rights, the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, the International Covenant on Economic, Social and Cultural Rights, and the International Labour Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work.
The Principles are upheld through clear policies, communication, and due diligence with specific reference made to preventing child labor, forced labor and discrimination.
Our Human Rights Principles are reviewed by the Board on an annual basis, with any material amendments to be discussed by the Board.
Policies apply to all business activities and operations including businesses we acquire. The full suite of policies and principles are available on our intranet which employees are instructed on how to navigate as part of onboarding.
We prepare an annual Modern Slavery Statement addressing the mandatory criteria set out in Australia’s Modern Slavery Act 2018 (Cth). WiseTech’s modern slavery statements can be found on our website or on the Australian Border Force modern slavery statement register.