Governance

Governance

The Board is committed to maintaining high standards of corporate governance and to ensuring that values and behaviours are consistent across the Group. Download the latest corporate governance report. 

Statement of compliance

The Board is accountable to shareholders for maintaining high standards of corporate governance and for ensuring that values and behaviours are consistent across the Group. The Board confirms that, without exception, the Company complied with all relevant provisions of the Code throughout the year ended 31 December 2018 and following disclosures provide a detailed description of how the Company has complied with the principals set out in the Code in the 2018 financial year.

Diversity

Diversity remains an important area of focus, with the Code stressing the importance of diversity in creating a successful and sustainable business. The Board is committed to improving diversity in its widest sense, including gender, ethnicity, diversity of thought, tenure, age, experience, skills, geographical expertise, educational and professional background.

In its Board Diversity Policy, the Board set its own target of having two women on the Board, which, as at the date of the 2019 Annual Report, has been met. However, the Board acknowledges the recommendations made by Hampton-Alexander review including its target of 33% representation of women on boards by the end of 2020 and will keep this under review for our Board Diversity Policy.

The Board also targets having a minimum of one Director from an ethnic minority background by 2024. As at the date of the 2019 Annual Report the Board has no Directors from an ethnic minority background.

The Executive Team is made up of seven individuals, two of whom are women.