Corporate Governance

The Company holds regular Directors’ meetings at which operating and financial reports are considered. The Board is responsible for formulating, reviewing and approving the Company’s strategy, budgets, major items of capital expenditure and senior personnel appointments.

The Directors recognise the importance of sound corporate governance commensurate with the size of the Company and the interests of Shareholders. The Company has developed policies and procedures which reflect the Principles of Good Governance and Code of Best Practice as published by the Financial Reporting Council (commonly known as the “Corporate Governance Code”).

Audit Committee

An audit committee, comprising J Finn and D Horgan, was established as a Board committee by the resolution of the Board of directors of the Company in order to establish formal and transparent arrangements for considering how the Board should apply the financial reporting and internal control principles of the Company and to maintain an appropriate relationship with the Company’s auditors.

Remuneration Committee

A remuneration committee, comprising J Finn and D Horgan, was established as a Board committee by the resolution of the Board of directors to: (a) ensure that the executive directors are fairly rewarded for their individual contributions to the overall performance of the Company, (b) to determine all elements of the remuneration of the executive directors, and (c) to ensure a formal and transparent procedure for developing policy on executive remuneration.

THIS PAGE WAS LAST UPDATED ON 05 SEPTEMBER 2017
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