Third Planet Orbital employs strong corporate governance principles and good working practice within a framework of policies. Publicly sharing the operating methods ensures transparent collaboration.
The Company and Employees are subject to a general set of working practices and legal obligations, adopting common conditions for all employees as far as possible to promote equality and fairness in the workplace. Treatment of stakeholders is of paramount importance and the behaviour expected is that of honesty, integrity, and consideration for others.
The principles for the operation of the Board of Directors and Management of the Company, and functions of the Board and Management are set out and adopted on the understanding that good corporate governance adds to the performance of the Company.
The operation and execution of the day-to-day business is the responsibility of the Management that oversees administration, reviews and monitors matters related to the Company's business, conducts strategic assessments and issues recommendations to the Board.
The Company is committed to complying with all applicable laws and regulations whilst delivering performance that engenders stakeholder value and confidence. The Company is also committed to acting ethically and responsibly in its dealings with all stakeholders and the Code of Conduct sets out the practices considered necessary to maintain confidence in the Company's integrity.
The Company has adopted a health, safety and wellbeing policy to ensure the health, safety and welfare of all employees. Every employee must ensure that their behaviours conform to the standards set out, noting that Employees who are under the influence of alcohol or drugs at work clearly present a health and safety risk to themselves and others.
The Company's equal opportunities policy and policy statement on harassment at work aims to promote equality, harmony and respect amongst individuals and to eliminate discrimination, harassment and victimisation of all kinds.
The Company has adopted a policy with regard to personal information maintained/retained under the General Data Protection Regulation to ensure there is a clear and understood method for Employees to request and obtain such data.
The Company's Information Technology (IT), communication and monitoring behaviours are specified to protect the Company's computer equipment, prevent inappropriate sharing or use, and protect any sensitive stored software, files and data.
The Company considers that businesses are responsible for achieving good environmental practice and operating in a sustainable manner. A policy is adopted committing the Company and its employees to reducing environmental impact and to encourage parties with whom it deals to do the same.
The Company understands that it is important to have committed, motivated and properly trained staff to function optimally. The Company supports and relies upon each employee's commitment and willingness to learn new skills, adapt to use the tools provided and to take on new roles and responsibilities.
The Company is committed to communicating regularly and effectively in a timely, accessible and clear manner with respect to both procedural matters and major issues affecting the Company. A range of mechanisms are employed to effect communication.
The Company is committed to the highest standards of openness and accountability. An important aspect of accountability and transparency is a mechanism that enables staff and other members of the Company to voice concerns in a responsible and effective manner.
The Company considers ongoing risk identification, evaluation and management to be a core component of the management of the Company. The Company's ability to identify and mitigate risk is central to achieving its corporate objectives. Regular communication and review of risk management practice provides the Company with vital checks and balances to ensure the efficacy of the activity.
A policy has been adopted by the Company covering aspects of travel on Company business/time to ensure clarity regarding responsibilities of the Employee and the Company considering travel arrangements and Company representation. Additionally the Company seeks to minimise the risks to Company car drivers and ensure legal compliance with current regulations and best practice with regard to the use of either Company cars or privately owned cars used on Company business.
The Company understands that during the course of employment, it may be necessary for Employees to make purchases that are not under a standard contract or purchase order, or, are incurred personally as a consequence of undertaking their duties (travelling on business). The Company considers it important that clarity is provided and lays out what is considered reasonable to claim and what may be acceptably claimed.
The Company is committed to conducting its business in an ethical and honest manner, acting professionally, fairly and with integrity in all business dealings and relationships. All laws must be upheld relating to anti-bribery and corruption in any and every jurisdiction in which the Company operates.
The Company is required to make financial commitments in the course of business. It is not practical to expect authorisation for all purchases/financially binding arrangements to be approved by a single employee/position/role, consequently provision is made for delegating such authority in a predetermined and controlled manner.
The Company recognises its responsibilities to new parents through the provision of a parental leave policy. Benefits to the employee have been specified to meet or exceed statutory minimum requirements to assist with supporting the employee as much as reasonably possible.