QCA PRINCIPLE 10 - Shareholder Dialogue

Work undertaken by the Company’s Committees during 2019
 

Audit Committee 

• Reviewed the Company’s 2018 Report and Accounts and recommended their approval by the Board
• Ran the process of appointing a new auditor and recommended to the Board the appointment of KPMG as auditor
• Reviewed the Company’s 2018 Interims and recommended their approval by the Board
• Liaised with the Company’s auditors throughout the year for audit planning and finalisation
• Review of rolling Audit Committee agenda
   

AIM Compliance Committee

• Liaised with the Company’s Nominated Advisor over any AIM issues
• Reviewed updates on AIM Compliance and made recommendations to the Board, as necessary
• Reviewed AIM Rule 26 disclosures
   

Nominations Committee

• Managed the recruitment process throughout the year
• Reviewed the structure, size and composition of the Board and made recommendations to the Board with regard to any changes
• Gave consideration to succession planning for directors
   

Remuneration Committee

• Managed the bonus scheme for directors
• Set remuneration for all directors
• Implemented a new Long-Term Incentive Plan for executive directors
   

Audit Committee Report

An Audit Committee Report for 2018 can be found on pages 26 to 27 of the Company’s 2018 Report and Accounts.
 

Remuneration Committee Report

A Remuneration Report for 2018 can be found on pages 23 to 25 of the Company’s 2018 Report and Accounts.
 

Omissions of disclosure of QCA Principles

In respect of Principle 7, the Company has been unable to provide details of a formal Board evaluation that took place during the year as the Company is still in the process of formalising this process.
 

Voting

At the Company’s last Annual General Meeting, which was held on 29 June 2023, all resolutions were passed with the following outcomes:
 

For details of each of the above resolutions, please see the 2023 Notice of AGM.