Nicosia, Cyprus. ASBISc Enterprises PLC said it remains broadly aligned with the corporate governance principles of Best Practice for GPW Listed Companies 2021 while not applying four detailed provisions. The company said the non-applied provisions relate mainly to its internal audit function and oversight structures.
Non-applied provisions
The Cyprus-based IT distributor, primarily known as Asbis, said it does not comply with principles 3.1, 3.3, 3.6 and 3.10, primarily relating to its internal audit function and oversight structures.
Disclosure and investor communication
The company said the group maintains a transparent disclosure policy and ensures effective communication with investors through multiple channels, including its corporate website. It also confirmed that financial results are published promptly after each reporting period.
ESG integration and reporting
Asbis said it integrates ESG factors into its business strategy, including environmental considerations such as climate change risks and sustainable development. It added that social and employee-related matters are addressed through initiatives promoting equal treatment, working conditions, employee rights, and engagement with local communities and customers.
Strategic framework and performance indicators
The company said it publishes information about its strategic framework, measurable goals, and both financial and non-financial performance indicators as part of its communication with stakeholders. This includes disclosure on how decision-making processes incorporate climate risks and sustainability objectives.
Gender pay and community support disclosures
Asbis said it provides data on gender pay differences, including the percentage gap in average monthly remuneration between men and women, along with actions to address inequalities. It also confirmed that it discloses annually any expenses related to support for culture, sports, charities, media, and social organisations.
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