###### Governance and Policies
As a public company and steward of our stockholders' financial assets, ethical behavior, fair dealing, and compliance with our policies and applicable laws are important at Kadant. Compliance is managed by the corporate legal department in cooperation with our locations' management teams. Compliance by our corporate management team and by the management of our various businesses through centralized policies is certified annually as an internal control. Our management team at corporate and our locations are annually required to review and certify compliance with the Code of Business Conduct and Ethics, as well as the Insider Trading Policy, Anti-Harassment Policy, Foreign Corrupt Practices Act (FCPA) Policy, and Global Export Compliance Policy.
Kadant's corporate legal department performs regular training on key policies and procedures in conjunction with key events and acquisitions. As part of our commitment to continually improving training on ethics and compliance, we introduced our online compliance training platform last year. The training platform allows each location to assign and track short, interactive training videos to managers and employees on a range of topics, including diversity and inclusion, unconscious bias, and sexual harassment. This year, we required management at each location to complete an interactive training on Anti-Bribery and Anti-Corruption.
The corporate legal department provides an annual report related to compliance to the Board of Directors and ongoing updates to its Audit and Risk Oversight and Sustainability Committees. The Risk Oversight and Sustainability Committee provides additional oversight of our key strategic and operational risks as well as our sustainability efforts. In the reporting year, our management approach proved effective and required no additional adjustments.