Corporate Governance – Other Governance Matters

Role of external advisers

The company is advised by its brokers and nominated advisers, Liberum Capital Limited and its solicitors, Michelmores LLP. Additional advice is given by its auditor, RSM UK Audit LLP on an ad hoc basis and when to do so would not in any way compromise its independence.

Fact that CFO is also company secretary

The current CFO is also the company secretary. The board feel that, at present, both roles can be filled successfully by the same person who has the requisite skills and time to do so. This situation is reviewed regularly by the CEO and, if he feels that circumstances have altered, will put this to the full board. Given the size of the group and the straightforward nature of its business, both roles can be combined efficiently and economically.