Introduction to Governance

The Group continues to implement a robust governance structure to ensure compliance with the Code.

Key elements include:

  • the Board comprises a majority of independent Non-Executive Directors, of which there are three, including myself as Non-Executive Chairman (deemed independent on appointment), and two Executive Directors;

  • each Non-Executive Director has a proven track record in business at a high level and has skills and expertise relevant to the Group;

  • the Board and its sub-committees are structured in accordance with the requirements for a listed company with both the Audit and Remuneration Committees fully comprising Non-Executive Directors. The Non-Executive Directors provide critical challenge and support to those areas of the Group which they believe are of particular importance; and

  • we review regularly, and implement as necessary, new developments in corporate governance best practice and seek to apply them appropriately. The Board is regularly updated on corporate governance developments by the Company Secretary and a formal update was delivered by the Group’s corporate lawyer at a Board meeting during the year under review.

Keith Edelman

1 October 2019