GOVERNANCE   2018 2019
Number of whistleblower reports # 4 2
Insider ownership % 46% 47%
Independent Board of Directors % 78% 78%
Independent Lead Director   ✔︎ ✔︎
Fully independent Audit, Compensation, Corporate Governance and Reserves Committees   ✔︎ ✔︎
Minimum shareholding requirements for directors   ✔︎ ✔︎
Officers and directors prohibited from hedging Paramount securities   ✔︎ ✔︎
Loans to officers and directors prohibited   ✔︎ ✔︎
Code of Ethics and Code of Business Conduct   ✔︎ ✔︎
Anonymous Whistleblower Policy and portal   ✔︎ ✔︎


Paramount's Code of Business Conduct, Code of Ethics and Whistleblower Policy are available on our website and described in our Annual General Meeting information circular. Compliance is monitored by the Audit Committee receiving, annually, certificates from Paramount’s officers and senior management confirming their compliance with the Code of Business Conduct and where applicable, the Code of Ethics. In addition to the annual certification of the officers, each employee and consultant receives an annual communication reiterating the need to comply with the Code of Business Conduct and reminding them that the Whistleblower Policy facilitates anonymous disclosure of any breach. Our website provides a link to a separate, stand alone website through which anonymous reports under the Whistleblower Policy may be made. Our Audit Committee oversees the response to complaints made under the Whistleblower Policy.

Descriptions of the composition and qualifications of our Board and its committees, share ownership by insiders, our corporate governance structure and practices and our key corporate governance documents can be found in our Annual Information Form and in our Annual General Meeting information circular.