Corporate Governance

Board of Directors

The Board is responsible to the Group’s shareholders for the performance, overall strategic direction, values and governance of the Group. It provides the leadership necessary to enable the Group’s business objectives to be met within the framework of the internal controls detailed in its Annual Report.

The Board consists of two Executive and three Non-Executive Directors, who bring a breadth of experience and knowledge. This provides a balance whereby the Board’s decision-making cannot be dominated by an individual.

Directors Share Dealing Code

The company has adopted and will operate where applicable, a share dealing code for Directors and applicable employees.

Takeover code

The Takeover Code applies to the company and governs, inter alia, transactions that may result in a change of control of a company to which the Takeover Code applies.

Relations with shareholders

The Company values the views of its shareholders and recognises their interest in the Group’s strategy and performance. The Annual General Meeting will be used to communicate with investors and they are encouraged to participate. The Directors will be available to answer questions. Separate resolutions will be proposed on each issue so that they can be given proper consideration and there will be a resolution to approve the annual report and accounts.

Internal control

The Board is responsible for maintaining a strong system of internal control to safeguard shareholders’ investment and the Group’s assets and for reviewing its effectiveness. The system of internal financial control is designed to provide reasonable, but not absolute, assurance against material misstatement or loss.