The Board is committed to the highest standards of corporate governance.
The Board is committed to the highest standards of corporate governance and this is addressed in the Chairman’s governance letter and the Governance Report set out in the Company’s 2018 Annual Report (which can be found under the “Investors” section of this website).
The Corporate Governance Code (the “Code”) sets out standards of good practice in relation to board leadership and effectiveness, remuneration, accountability and relations with shareholders. The Code recommends that at least half the board of directors of a UK listed company (excluding the chairman) should comprise “independent” non-executive directors, being individuals determined by the board to be independent in character and judgement and free from relationships or circumstances which are likely to affect, or could appear to affect, the directors’ judgement.
The Board of Directors of the Company is comprised of the Chairman, Patrick Snowball, who was considered to be independent at the date of his appointment as Chairman; four independent Non-Executive Directors being Catherine Barton, lan Clark, Rebecca Shelley and Andy Pomfret; two Executive Directors being Geoff Carter and Adam Westwood.
In accordance with the recommendations of the Code, one of the independent Non-Executive Directors, Andy Pomfret, has been appointed as the senior independent director (the “SID”). The SID is available to Shareholders if Shareholders have concerns that the normal channels of Chairman, Chief Executive Officer or Chief Financial Officer have failed to resolve or for which such channels of communication are inappropriate.
The Board has established an Audit and Risk Committee, a Remuneration Committee and a Nomination Committee in accordance with the Code. Additionally, the Board has established a Disclosure Committee. Each Committee and each Director has the authority to seek independent professional advice (at the expense of the Company) where necessary to discharge their respective duties. Further details of these Committees are set out here:
Articles of Association
The company’s articles of association were adopted on 21st November 2017 and can be found here
Audit and Risk Committee
The company’s audit and risk committee terms of reference can be found here
The company’s remuneration committee terms of reference can be found here
The company’s nomination committee terms of reference can be found here
The company’s disclosure committee terms of reference can be found here
Modern Slavery Statement
The company’s modern slavery statement can be found here
Gender Pay Gap Report 2019
The company’s 2019 gender pay gap report can be found here