Saul Centers, Inc. announced an update to its Whistleblower Policy, with the latest revision approved on December 5, 2024. This policy establishes formal procedures for the receipt, retention, and treatment of complaints regarding accounting, internal accounting controls, or auditing matters within the company.
The updated policy ensures that employees can submit concerns on a confidential and anonymous basis, if desired, regarding questionable accounting or auditing practices. It also outlines the process for investigation by the Audit Committee, which has the discretion to enlist management or outside advisors to conduct inquiries.
Saul Centers explicitly states its commitment to non-retaliation against any employee or contractor who makes a report in good faith, aligning with federal securities laws. This policy reinforces the company's dedication to strong corporate governance and maintaining high ethical standards in its financial operations.
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