Our Corporate Governance
AIM-quoted companies are required to adopt a recognised corporate governance code with effect from their admission to trading on AIM, however, there is no prescribed corporate governance regime for AIM companies.
The QCA has published the Quoted Companies Alliance's Corporate Governance Code, a set of corporate governance guidelines, which include a code of best practice, comprising principles intended as a minimum standard, and recommendations for reporting corporate governance matters.
The Directors acknowledge the importance of high standards of corporate governance and intend, given the Company’s size and the constitution of the Board, to comply with the QCA Code.
Brief details of how the Company intends to apply these key governance principles from Admission are set out in this document
The Company has established an Audit Committee, a Remuneration Committee and a Nominations Committee with formally delegated duties and responsibilities and with written terms of reference.
Each of these committees meet regularly on the frequencies set out in the terms of reference. From time to time, separate committees may be set up by the Board to consider specific issues when the need arises.
The Audit Committee has the primary responsibility of monitoring the quality of internal controls to ensure that the ﬁnancial performance of the Company is properly measured and reported on. It will receive and review reports from the Company’s external auditors relating to the interim and annual accounts and the accounting and internal control systems in use within the Company.
The Audit Committee will meet not less than three times in each ﬁnancial year and will have unrestricted access to the Company’s external auditors.
The Audit Committee comprises [●], [●] and [●].
Terms of reference of the Audit Committee
The Remuneration Committee will review the performance of the Directors and make recommendations to the Board on matters relating to their remuneration and terms of service. The Remuneration Committee will make recommendations to the Board on proposals for the granting of share options and other equity incentives pursuant to any employee share option scheme or equity incentive plans in operation from time to time.
The members of the Remuneration Committee shall include only independent non-executive Directors.
The Remuneration Committee will initially comprise [●] and [●], with [●] acting as Chair of the Remuneration Committee.
Terms of reference of the Remuneration Committee [Download PDF]
The Nominations Committee, which will initially comprise [●] and [●], with [●] acting as Chair of the Nominations Committee, will review the composition and efﬁcacy of the Board and where appropriate recommend nominees as new directors to the Board.
Terms of reference of the Nominations Committee