Investors

Corporate Governance

Board of Directors

The Board comprises five Directors: the Non-Executive Chairman, two Non-Executive Directors and two Executive Directors. All the Non-Executive Directors, including the Chairman, are independent. The Board is confident that its members have the appropriate balance of experience, skills, personal qualities and capabilities in order to meet this requirement and to deliver the strategy of the Group for the benefit of the shareholders over the medium to long term.

The Board is required to meet at least six times a year. The Directors are fully encouraged to attend all meetings of the Board, and the committees on which they sit, and have agreed to allocate sufficient time to the Group as is needed to enable them to carry out their responsibilities as Directors. The Non-Executive Directors communicate directly and have informal meetings with the Executive Directors in between formal Board meetings. Nick Kent, an advisor to the Board, attends Board meetings by invitation.

The Board’s core objectives are to review, formulate and approve the Group’s strategy, budget and corporate activities, and to oversee its progress towards its strategic goals. An assessment of the performance and effectiveness of the Board, in serving these objectives, will be executed annually and is the responsibility of the Chairman to carry out and evaluate.

The Board has established an Audit and Risk Committee, a Remuneration Committee and a Nomination Committee; each with formally delegated duties and responsibilities. From time to time, separate committees may be set up by the Board to consider and address specific issues, when the need arises.

Please follow this link to read more about the Board.