AIM-quoted companies are required to adopt a recognised corporate governance code with effect from their admission to trading on AIM however, there is no prescribed corporate governance regime for AIM companies. The QCA has published the Quoted Companies Alliance’s Corporate Governance Code (the \u201cQCA Code\u201d), a set of corporate governance guidelines, which include a code of best practice, comprising principles intended as a minimum standard, and recommendations for reporting corporate governance matters. The Directors acknowledge the importance of high standards of corporate governance and intend, given the Company\u2019s size and the constitution of the Board, to comply with the QCA Code. The QCA Compliance Table below sets out how the Group meets or intends to meet the Principles of the QCA Code.<\/p>\n\n\n\n
The Board comprises five Directors, of which three are Executive Directors and two are Non-Executive Directors. The Board considers Paul George and Matthew Taylor to be independent Non-Executive Directors under the criteria identified in the QCA Code.<\/p>\n\n\n\n
The Company will hold regular board meetings and the Board will be responsible for formulating, reviewing and approving the Company’s strategy, budget and major items of capital expenditure. The Board has established a Nominations Committee, an Audit Committee and a Remuneration Committee with formally delegated rules and responsibilities and other than the Nominations Committee will meet at least twice a year.<\/p>\n\n\n\n
The Audit Committee will comprise Paul George, who will act as chair, Adam Robson and Matthew Taylor. The Audit Committee will, among other things, determine and examine matters relating to the financial affairs of the Company including the terms of engagement of the Company’s auditors and, in consultation with the auditors, the scope of the audit. It will receive and review reports from management and the Company’s auditors relating to the half yearly and annual accounts and the accounting and the internal control and risk management systems in use throughout the Company.<\/p>\n\n\n\n
The Remuneration Committee will comprise Matthew Taylor, who will act as chair, Adam Robson and Paul George. The Remuneration Committee will review and make recommendations in respect of the Executive Directors\u2019 remuneration and benefits packages, including share options and the terms of their appointment. The Remuneration Committee will also make recommendations to the board concerning the allocation of share options to employees under the intended share option schemes.<\/p>\n\n\n\n
The Nomination Committee will comprise Adam Robson, who will act as chair, Richard Barton, Paul George and Matthew Taylor. The nomination committee will be responsible for identifying and nominating for Board approval candidates to fill board vacancies and evaluating the need for and nature of additional appointments.<\/p>\n","protected":false},"excerpt":{"rendered":"
AIM-quoted companies are required to adopt a recognised corporate governance code with effect from their admission to trading on AIM however, there is no prescribed corporate governance regime for AIM companies. The QCA has published the Quoted Companies Alliance’s Corporate Governance Code (the \u201cQCA Code\u201d), a set of corporate governance guidelines, which include a code […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"page-governance.php","meta":{"inline_featured_image":false,"footnotes":""},"acf":[],"_links":{"self":[{"href":"http:\/\/www.striptinning.com\/investors\/wp-json\/wp\/v2\/pages\/28"}],"collection":[{"href":"http:\/\/www.striptinning.com\/investors\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.striptinning.com\/investors\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.striptinning.com\/investors\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.striptinning.com\/investors\/wp-json\/wp\/v2\/comments?post=28"}],"version-history":[{"count":15,"href":"http:\/\/www.striptinning.com\/investors\/wp-json\/wp\/v2\/pages\/28\/revisions"}],"predecessor-version":[{"id":430,"href":"http:\/\/www.striptinning.com\/investors\/wp-json\/wp\/v2\/pages\/28\/revisions\/430"}],"wp:attachment":[{"href":"http:\/\/www.striptinning.com\/investors\/wp-json\/wp\/v2\/media?parent=28"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}