Investing - Corporate Governance
Corporate Governance & Committees
The Directors recognise the importance of sound corporate governance. The Company, so far as is practicable and appropriate for a public company of its size, follow the main recommendations on corporate governance of the Quoted Companies Alliance. The Company has adopted a code for share dealings by directors and employees which is appropriate for an AIM company and which complies with Rule 21 of the AIM Rules on “Restrictions on deals”.
The Audit and Remuneration Committees comprise of Bob Morton and John Herring. Bob Morton chairs both committees. The Audit Committee review the interim and full year financial statements prior to their publication and receive and review reports from the Group’s external auditors and will determine the application of the financial reporting and internal control principles.
The Remuneration Committee will be responsible for determining the remuneration of the executive directors and establishing the criteria for the grant and exercise of share options. No executive Director is permitted to participate in discussions or a decision concerning his own remuneration. In view of the importance of the matter and the size of the board, the responsibility for proposing and considering candidates for appointment to the board is retained by the board.
The information on this page is being disclosed for the purposes of AIM Rule 26.
Last updated: 15 January 2008