The Directors recognise the importance of sound corporate governance and will apply the principles of Good Governance and Code of Best Practice published in July 2003 by the Financial Reporting Council (“Combined Code”).
The Board of Directors is comprised of a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Chief Sustainability Officer, and a Non-Executive Director.
The Board meets regularly throughout the year and the Board is responsible for:
The Executive Directors are ultimately responsible for the running of the Company, including it’s operations, performance and strategic development. Non-Executive Directors are focused on providing impartial support and technical guidance and expertise to the Board. The Company requires all Executive Directors and Non-Executive Directors to be professional in their judgement and in the execution of their roles and responsibilities, and void of any conflict of interests with respect to any other individual / company / organisation they may represent or have dealings with.
Should they arise, it is the responsibility of Board members to make clear any potential conflict of interests to the Board with immediate effect, whereby the Board will make an assessment, or seek counsel to make a more informed decision on course of action. Depending on the view of the Board, a Board member may be temporarily suspended during an interim period.
With environmental concerns core to our strategy, operations, and conduct, we are proud to have a Chief Sustainability Officer on the Board. This reflects our commitment to remaining true to our goals, and will empower the Board to ensure all actions of the Company are properly thought through to deliver true additionality.
The Board will establish Committees to help achieve its responsibilities, with such Committees receiving the required level of delegated authority from the Board in order to carry out its duties. The Board nonetheless remains responsible for the competence and effectiveness of these Committees.
An Audit Committee will otherwise ensure that these Committees are appropriate, which will include the Chief Financial Officer and Financial Controller, they will do this as well as ensuring the financial performance and outlook of the Company remains robust and correctly reported to the Board and external auditors.
The Board will maintain a satisfactory level of dialogue with shareholders, as well other strategic partners when applicable. It will be the responsibility of the Board to ensure that the CEO, or any other Director as and when applicable, ensures that the views of such stakeholders are equally communicated back to the Board.
The Board will use the AGM to fully communicate with shareholders and will encourage their direct participation. Without prejudice to the obligations to preserve the full integrity of the investment made by shareholders, the Board will also seek to engage with broader strategic partners within this forum, or a similarly designed forum as soon as readily practical.
