Corporate Responsibility

Corporate Governance

The Corporation’s Board of Directors views effective corporate governance as an essential element for the ongoing well-being of the Corporation and its shareholders. With that in mind, the Board of Directors reviews the Corporation’s corporate governance practices on an ongoing basis to ensure that they provide for effective stewardship of the Corporation.

Mandates

Position Descriptions

Modern Slavery Report

Headwater is committed to the fight against forced labour and child labour in supply chains and requires the same of the vendors and contractors that are engaged with the Corporation. This is outlined in Headwater’s Vendor Code of Business Conduct and Ethics, section XIV, as well as Headwater’s Human Rights Policy, both of which can be accessed at the bottom of this page.

The Fighting Against Forced Labour and Child Labour in Supply Chains Act was enacted by the Parliament of Canada in May 2023 and came into force on January 1, 2024. Our reports pursuant to the Act are provided below.

Majority Voting Policy

Corporate Governance Policies

Code of Business Conduct and Ethics

The Board of Directors encourages and promotes a culture of ethical business conduct by expecting each other, all officers and management to act in a manner that exemplifies ethical business conduct. This expectation sets the tone for all employees of the Corporation. As such, the Board has adopted a Code of Business Conduct and Ethics.

WhistleBlowing Procedures

Headwater is committed to the highest standards of openness, honesty and accountability. As a matter of sound corporate governance, Headwater has developed Whistle Blowing Procedures that are designed to provide a readily understood, prompt and effective means of addressing any complaints or concerns regarding the Corporation’s accounting, internal accounting controls or auditing matters.

Disclosure Policy

As a reporting issuer, the Corporation is required to broadly disclose material information in accordance with all applicable legal and regulatory requirements and in a manner that is timely, factual and accurate. The Corporation’s Disclosure Policy describes the policies and procedures that govern communications to the public concerning Headwater Exploration Inc.

Vendor Code of Conduct

Human Rights Policy

Diversity Policy

The Corporation’s policies are also available upon request to the CFO at 1400, 215-9th Ave SW, Calgary, AB, T2P 1K3.