Our corporate governance statement and information about our policies.

It is the Board’s role to ensure that the Group is managed for the long-term benefit of all of its stakeholders. We believe in effective and efficient decision making in a manner that incorporates the needs of our many stakeholders. Corporate governance is one of the important parts of the Group’s strategy and our aim of continual improvement of our processes and risk management, whilst supporting the continued growth of the business, is vital in the ever-evolving corporate governance regime we adhere to.

In 2018, the Company adopted the provisions of the Quoted Companies Alliance’s Corporate Governance Code (the QCA Code), published in April 2018. The Company continues to adopt the QCA Code and this report sets out how compliance is achieved and, if the Company departs from the terms of the QCA Code, an explanatory note detailing the reason for the departure. 

We are delighted to confirm that we continue to comply with all the principles of the QCA Code. Whilst the Company does not currently adopt the UK Corporate Governance Code, published in 2018, we endeavour to stay up to date with its requirements and continue to adopt certain elements of it, where appropriate.

In addition, the Company has reviewed the Companies (Miscellaneous Reporting) Regulations 2018 (MRR), issued in July 2018 and applicable from 1 January 2019, and ensured that all additional provisions have been complied with, to the extent that they apply to the Company. 

The key elements of the Company’s corporate governance arrangements can be found within our 2019 Annual Report.