Corporate Governance

Board of Directors

The Board comprises five Directors: the Non-Executive Chairman, two Non-Executive Directors and two Executive Directors. Two of the Non-Executive Directors, one of whom is the Chairman, are independent. In accordance with Principle 5 of the QCA Code, the Group has determined that this composition brings a desirable range of skills, personal qualities and experience for delivering the strategy, based upon the size and nature of business of the Group, while, at the same time, ensuring that no individual can dominate decision making.

The Board meets at least quarterly, and more regularly as required. 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.

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.

Since AIM admission, the Board has established an Audit 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 Directors of the Board individually.