Corporate Governance

The Company complies with the relevant requirements of the Combined Code.

The Board has established an audit committee and a remuneration committee composed of Non-executive Directors.

The Board will hold at least six meetings each year and all necessary information will be supplied to the Directors on a timely basis to enable them to discharge their duties effectively. Additionally, special meetings will take place or other arrangements will be made when Board decisions are required in advance of regular meetings. Certain matters are reserved for consideration by the Board (with other matters delegated to Board committees). The Board is responsible for leading and controlling the company and in particular for formulating, reviewing and approving the company’s strategy, budget, major items of capital expenditure and acquisitions and disposals in line with the company’s investment strategy.