CORPORATE GOVERNANCE

The Board is committed to achieving high standards of corporate governance, integrity and business ethics. On 30 March 2018 revised “AIM Rules For Companies” were issued by the London Stock Exchange that require companies with shares admitted to trading on AIM to adopt a recognised formal corporate governance code. The Board has formally adopted the 2018 Quoted Companies Alliance Corporate Governance Code (the “QCA Code”) as the basis of the group’s governance framework. The directors acknowledge the role of the ten principles set out in the QCA Code, and their importance in focussing on the pursuit of medium to long-term value for shareholders without stifling the entrepreneurial spirit in which the company was created. The group’s arrangements for compliance with the QCA Code are set out in this document.

-- Paul Pindar
    Chairman



The Board’s role is collectively responsible to shareholders for the overall direction and control of the Company and has powers and duties set out in the relevant laws of England and Wales and the Company’s Articles of Association. The Board delegates certain matters to the Board Committees outlined below and delegates the detailed implementation of matters approved by the Board and the day to day management of the business to the executive directors and senior management.

COMMITTEES OF THE BOARD

On 16 November 2015 the board of directors constituted an Audit Committee, a Remuneration Committee and a Nomination Committee.

Our Board of Directors
Matters Reserved for the Board

REMUNERATION COMMITTEE

The Remuneration Committee, which meets once a year and otherwise as required, currently comprises Simon Downing, Paul Pindar and Adrian Blair and is chaired by Simon Downing.

Terms of reference

AUDIT COMMITTEE

The Audit Committee, which meets twice per year and otherwise as required, currently comprises Paul Pindar, Adrian Blair and Mike Wroe and is chaired by Mike Wroe.

Terms of reference

NOMINATION COMMITTEE

The Nomination Committee, which meets once a year and otherwise as required, currently comprises Paul Pindar and Adrian Blair and is chaired by Adrian Blair

Terms of reference