The 2018 UK Corporate Governance Code, published by the Financial Reporting Council (the “Code”), sets out the standards of good practice in relation to: board leadership and company purpose; division of responsibilities; composition, succession and evaluation; audit, risk and internal control; and remuneration. The Group has a comprehensive range of policies and procedures in place to ensure that it is well managed, with effective oversight and controls.
The Board is supportive of the standards set by the Code and is committed to high standards of corporate governance. This Governance Report describes how the Board has applied the Principles of the Code.
The Board is pleased to report that in 2023 it was in full compliance with the provisions of the Code.