Corporate Governance

Board of Directors
Board Committees
Corporate Governance

Chairman’s Introduction

Governance continues to be crucial to any company’s future development. The Board recognises that good governance:

  1. can help create value by reducing the risks that we face as we seek to create value for our shareholders; and
  2. can be used to support our values and behaviours.

A good governance framework can provide solid foundations from which to support leadership, accountability, transparency and disclosure. Strong systems and processes for informed decision-making ensure that the Board and its Committees are provided with:

  1. clear agendas and timely information that is delivered through good quality briefing materials;
  2. information that covers all relevant factors;

and consequently that our deliberations consider the risks, as well as the opportunities, inherent in the topics before us.

The Company has adopted the Quoted Companies Alliance (“QCA”) Corporate Governance Code (the “QCA Code”). This statement sets out how the Company complies with the QCA’s Ten Principles of Corporate Governance.

Christopher Samler
Last reviewed on 9th January 2023

QCA Code Principles and how we comply

Principle 1: Establish a strategy and business model which promote long-term value for shareholders
Principle 2: Seek to understand and meet shareholder needs and expectations
Principle 3: Take into account wider stakeholder and social responsibilities and their implications for long-term success
Principle 4: Embed effective risk management, considering both opportunities and threats, throughout the organisation
Principle 5: Maintaining the Board as a well-functioning, balanced team led by the Chair
Principle 6: Ensure that between them the Directors have the necessary up-to-date experience, skills and capabilities
Principle 7: Evaluate Board performance based on clear and relevant objectives, seeking continuous improvement
Principle 8: Promote a culture that is based on ethical values and behaviours
Principle 9: Maintain governance structures and processes that are fit for purpose and support good decision-making by the Board
Principle 10: Communicate how the Company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders