• Board took issues between Chair and management seriously
• Engaged external advisors to review governance and workplace practices
• Adopted new Board protocol to improve interactions between Board and management

PolyNovo Limited (ASX: PNV) has provided an additional response to articles in 'Margin Call' regarding alleged interactions between the company's Chair, David Williams, and some members of the management team. The Board states that it recognizes the importance of providing a safe and inclusive workplace, and treating everyone equally and respectfully. Some issues were raised with the Board about certain interactions between the Chair and some management team members, which the Board took seriously. The Board engaged Philip Crutchfield KC and Katherine Brazenor of counsel to hold discussions with some management team members and the Chair, and provide recommendations on the ongoing working arrangements and professional relations between the Chair and management. Following this, the Board engaged Alice DeBoos of Kingston Reid to provide training to the Board about appropriate workplace behavior and employee and director responsibilities. The Board also engaged Lindsay Maxsted, a pre-eminent Australian director, to advise on specific governance matters, including the interaction between Board members and Group Executives. The Board adopted a Board protocol in relation to interactions between the Board, individual Board members, including the Chair, and management team members. Additionally, the Board engaged Spencer Stuart, an executive search firm, to assist with skills assessment and succession planning across the entire Board, including the Chair. The Board is confident that the actions it has taken have appropriately addressed the various matters raised, to ensure a positive, safe and inclusive workplace for all staff, balanced with the significant contribution of the Chair to the company's success.