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During the financial year 2009 we have further improved our profile as a socially responsible company through the rollout of a number of initiatives. The Company’s executive management is responsible for the continued implementation and monitoring of the Company’s compliance in all matters of corporate social responsibility. In addition, the Board of Directors regularly reviews the Company’s corporate social responsibility risks and compliance with the assistance of the Company’s executive management.
During the year we continued to implement a series of new human resources policies and procedures. Local annexes were further updated to accommodate local practices and requirements. As of 30 June 2009 we employed 1,131 professionals in 34 countries, making us a leader in our field in terms of global coverage and the ability to serve customers both on an enterprise level as well as locally. We believe that this is a key strength of the Company. The skills and experience of the people working for us are the most important factors supporting this competitive advantage. To successfully exploit all the opportunities we have and cope with rapidly changing markets and the challenging economic environment, it is crucial to continuously attract, retain and develop talented employees. Therefore, maintaining good relations with our employees is a high priority at all levels of the organisation.
In the current year, Kofax was highly successful in attracting new high calibre professionals and in developing the Company’s talent. Jim Nicol was hired as the Executive Vice President of Products, Dan Lucarini was named Senior Director of Business Development, Gene Lynes was named Chief Accounting Officer, James Hendrickson was named Vice President of Technical Services, Jim Vickers was named Senior Vice President of OEM & Partner Strategy, Steve Johnson was named Senior Vice President of Applications Software Sales for the Americas, Thomas Senger was named Senior Vice President of Applications Software Sales for EMEA and Peter Murray was named Senior Vice President of Applications Software Sales for Asia Pacific. These appointments are part of a series of major initiatives to further enhance the Company’s market position and growth potential. These include restructuring the Company around business functions, realigning and better focusing the Company’s sales resources and introducing new revenue growth initiatives.
The Company’s communications with its employees are a high priority. We regularly inform all employees about market developments, changes in our business, and product and strategy updates. We hold quarterly all-employee meetings, formal and informal employee briefings, and management and sales conferences to update and obtain feedback from employees on all aspects of the business. We make use of Company e-mail, webcasts and intranet sites to provide information and news. “This Week at Kofax,” a weekly newsletter, gives all employees a cohesive, up-to-date look at the latest news from throughout the organisation.
No company can thrive without a satisfied and growing base of customers, suppliers and business partners. During the last year we continued to furnish our business partners and end user customers with quality products and services which allow them to increase their competitiveness in their respective fields. The Company regularly consults with its customers, suppliers and business partners as to how to improve its business.
The Company is dedicated to giving back to the communities in which it conducts its business. During the financial year 2009 the Company therefore donated to assist in cancer research and various other social, community development and service efforts.
The Company recognises its health and safety duties under the Health and Safety at Work Act 1974 and the Management of Health and Safety at Work Regulations 1999, and as a result continued to further implement its health and safety policy during the financial year 2009. Pursuant to this policy, the Company is committed to ensuring, as far as is reasonably practicable, the health and safety and welfare at work of its employees, consultants, subcontractors and visitors to its facilities. The Company takes as a high priority the provision and maintenance of work systems that ensure employees are safe and without risk to health, and the provision of appropriate information, instruction and supervision as necessary to ensure the health and safety at work of all employees, consultants, subcontractors and visitors.
The Company is committed to carefully assessing and minimising its potential impact on the environment and improving its environmental performance, and as a result adopted a Company wide environmental policy during the financial year 2009. The Company integrates environmental concerns into relevant business decisions in a cost efficient manner. In doing so, the Company promotes environmental awareness among its employees. The Company further takes complaints about any breach of its environmental policy seriously, and shall act to promptly correct any such breaches. The Company’s environmental policy is available on the Company’s web site at www.kofax.com/ir.
Kofax is committed to providing a work environment that is free from unlawful discrimination and harassment in any form. It is the Company’s policy to comply with all applicable laws that provide equal opportunity in employment for all persons and to prohibit unlawful discrimination in employment. This policy applies in full force to all Company employees around the world, consistent with local laws and regulations.
The Company plans to further strengthen its profile as a corporate citizen during the next financial year and to better position itself to serve the needs of its customers and business partners. The Company also plans to implement more consistent processes, policies and procedures on a global basis.
3 September 2009
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