The Directors recognise the importance of sound corporate governance  appropriate to the Group’s size and the interests of shareholders.

The Board currently comprises of the Chairman, three Executive Directors and two independent Non‑Executive Directors and is compliant with the Combined Code for smaller companies. At this stage of the Group’s development, the Board considers its current members provide an adequate balance of operational and financial experience to grow, control and safeguard its business.

A Group strategy review, Group risk review and Board evaluation are conducted each year.

The Directors support the concept of an effective Board leading and controlling the Group. The Board usually meets each month during the year and more frequently where business needs dictate. The Board has a formal schedule of matters reserved for its consideration, including Group strategy, acquisition policy, the approval of major capital expenditure and approval of annual budgets. The Board also approves the interim and full year accounts and also trading updates. The requirement for Board approval and the delegation of other Board authority is communicated throughout the Group.

Executive and Non‑Executive Directors’ normal retirement age is 65. One‑third of all Directors are subject to annual re‑appointment by shareholders.

All Directors have access to the advice and services of the Company Secretary, who is also responsible for ensuring that Board procedures are followed. There is also a procedure in place for any Director to take independent professional advice if necessary, at the Company’s expense.