Corporate Governance Statement
The Board recognises that good standards of corporate governance help the Company to achieve its strategic goals and is vital for the success of the Company. The Company adopts proper standards of corporate governance and follows the principles of best practice set out in the latest version of the Quoted Companies Alliance Governance Code (Published November 2023) (the ‘QCA Code’), as far as is appropriate for the size and nature of the Company and the Group.
Last updated on 2 June 2025.
- Principle 1: Establish a purpose, strategy and business model which promote long-term value for shareholders
- Principle 2: Promote a corporate culture that is based on ethical values and behaviours
- Principle 3: Seek to understand and meet shareholders’ needs and expectations
- Principle 4: Take into account wider stakeholder interests, including social and environmental responsibilities, and their implications for long-term success
- Principle 5: Embed effective risk management, internal controls and assurance activities, considering both opportunities and threats, throughout the organisation
- Principle 6: Establish and maintain the board as a well-functioning, balanced team led by the chair
- Principle 7: Maintain appropriate governance structures and ensure that individually and collectively the directors have the necessary up-to-date experience, skills and capabilities
- Principle 8: Evaluate board performance based on clear and relevant objectives, seeking continuous improvement
- Principle 9: Establish a remuneration policy which is supportive of long-term value creation and the company’s purpose, strategy and culture
- Principle 10: Communicate how the company is governed and is performing by maintaining a dialogue with shareholders and other key stakeholders