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Whilst no formal corporate governance code has been adopted, the Board of Eckoh plc recognises its responsibilities to maintain high standards of corporate governance throughout the Group. The Board continues to give careful consideration to the principles of corporate governance as set out in the UK Corporate Governance Code published by the Financial Reporting Council, although as a company listed on AIM it is not required to comply with the UK Corporate Governance Code. The Company is committed to complying with the UK Corporate Governance Code so far as is practicable and appropriate for a public company of its size and nature.

Board Committees

Certain responsibilities are delegated to the Remuneration Committee, the Audit and the Nomination Committees.

The three committees have written terms of reference, which define their authorities, duties and membership.

The written terms of reference are available for inspection at the Company's registered office during normal business hours on any weekday excluding public holidays.

Christopher Humphrey, Guy Millward and Peter Simmonds are members of the Audit, Remuneration and Nomination committees.

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Audit Committee

The Audit Committee is responsible for reviewing the following:

  • accounting procedures and controls;
  • financial information published by the Group, including the Annual Report, Preliminary and Interim Statements and on the Company's website;
  • risk management and the effectiveness of the Group's system of internal financial control;
  • the terms of reference for the Group's external valuers; and
  • the results and effectiveness of the Company's external audit.
  • Remuneration Committee

The principal objectives of the Remuneration Committee are to review the performance of the Executive Directors and make recommendations to the Board on matters relating to their remuneration and terms of employment.

Guy Millward is chairman of the Audit committee.

Nomination Committee

The nomination committee meets at least once a year and is responsible for reviewing the size, structure and composition of the board and making recommendations to the board if it considers that any changes are required. It has a formal procedure for appointments to the board.

Chris Batterham is chairman of the Nomination committee.

Remuneration Committee

The principal objectives of the Remuneration Committee are to review the performance of the Executive Directors and make recommendations to the Board on matters relating to their remuneration and terms of employment.

Peter Simmonds is chairman of the Remuneration committee.