Corporate Governance

Corporate governance

The Board recognises its responsibility for the effective management of the Group and supports the highest standards of corporate governance. The Board has worked hard over the years to ensure that comprehensive corporate governance processes have been introduced to the business and that the importance of accountability, transparency, probity and long term business sustainability has been disseminated to all staff, contractors and consultants across the Group.

The Board is supportive of the adoption of the principles established in the UK Corporate Governance Code (“the Code”) and has been since its Admission to the Official List of the UK Listing Authority in December 2007, complying as the Board has deemed appropriate given the nature and size of the business. The Annual Report and Accounts describe how the Company has applied the principles set out in the relevant version of the Code and provide an explanation of the areas where the Company departs from these principles.