CORPORATE GOVERNANCE
With a Standard Listing on the London Stock Exchange main market, the Company is not required to comply with the provisions of the UK Corporate Governance Code, although so far as is practicable given the Company’s size and nature, it has voluntarily adopted and complies with the QCA Code.
The Board
The Board of the Company is made up of Executive Directors and Non-Executive Directors.
The Board convenes regularly to provide effective leadership and governs the overall control and direction of the Group’s affairs. The Board delegates certain of its responsibilities to management, who have clearly defined terms of reference.
All Directors have access to the advice and services of the Company Secretary, who is responsible for ensuring that all Board procedures are followed.
The Board attaches importance to maintaining good relationships with all its Shareholders and ensures that all price sensitive information is released to all Shareholders at the same time. The Group’s principal communication with its investors is through Regulatory News Service announcements, the Annual General Meeting, the annual report and accounts, the interim statement and its website.
Committee
Audit
Remuneration / Nominations
Cloud-Based MIS and Accounting System:
Xero
The company has adopted Xero across all its subsidiaries, an ASU listed technology company providing cloud-based accounting software platform. All documents are uploaded alongside each transaction and the accounts of the entire group are available anytime and anywhere to the authorised individuals. This has led to increased efficiency, accessibility and accountability across the company’s operations, leading to a smoother audit process.