Corporate Governance

Our purpose to deliver innovative, thought leading and practical solutions to the needs of currency market users and investors, while maintaining independence and integrity

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.

The Board and its Committees

The Board consists of the Chairman, three executive Directors and three Independent Non-executive Directors. Biographical information for all Board members can be viewed on the Board of Directors page. The roles of the Chairman, Senior Independent Director and Group Chief Executive are outlined in the latest Annual Report and Accounts.

The Board has adopted a Corporate Governance Framework which sets out the basis for how the Board and its Committees operate.

The Board has established an Audit and Risk Committee and a Remuneration Committee both of which comprise the three Independent Non-executive Directors. The Audit and Risk Committee is chaired by Rosemary Hilary and the Remuneration Committee is chaired by Tim Edwards. A Nomination Committee comprising Neil Record and the three Independent Non-executive Directors has also been established. The Nomination Committee is chaired by Jane Tufnell.

The terms of reference of the Board and its committees can be accessed by clicking on the links below.

Read more in our Annual Report & Accounts

Board of Directors

Neil Record

Chairman

Record plc

Record Currency Management Limited

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Leslie Hill

Chief Executive Officer

Record plc

Record Currency Management Limited

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Steve Cullen

Chief Financial Officer

Record plc

Record Currency Management Limited

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Tim Edwards

Senior Non-executive Director

Record plc

Record Currency Management Limited

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Matt Hotson

Non-executive Director

Record plc

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