Investor Relations

Corporate Governance

The Company is a private limited company and is therefore not required to comply with the provisions of the UK Corporate Governance Code. Nevertheless, by continuous review, the Company ensures that proper standards of corporate governance are in operation and the principles of the UK Corporate Governance Code are followed so far as is practical and appropriate to the size and nature of the Company

Set out below is a summary of how the Company deals with the key requirements of the UK Corporate Governance Code.

Board Committees

Board of Directors:
The Board of Directors is responsible for formulating, reviewing and approving the Group’s strategy, budgets, major items of capital expenditure and acquisitions, and reporting to the shareholders.

The Group typically holds monthly boards meeting and intends to hold at least eight board meetings throughout each year.

The construct and background of the individual Board Directors can be viewed in the Board Structure section of the website.

Other Committees:
The Board of Directors have established a Remuneration Committee, Nominations Committee and an Audit Committee, each with formally delegated rules and responsibilities. The construct and operations of these committees can be viewed in the Board Committees section of the website.

None of the Committee members has any personal financial interests (other than as shareholders) or conflicts of interest arising from cross-directorships. The Committee has access to professional advice from internal and external advisors where relevant.

Internal Financial Control and Reporting
The Board is responsible for establishing and maintaining the Group’s system of internal controls and reviewing its effectiveness. The procedures, which, inter alia, comprise financial, compliance matters and risk management, are reviewed on an ongoing basis. The Board approves the annual budget and performance against budget is monitored and reported to the Board. The internal control system can only provide reasonable and not absolute assurance against material misstatement or loss.