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The Board is ultimately responsible for the effectiveness of the Group’s system of internal control. The executive directors of the board, through their operational roles, will have close involvement with the operations of the business. The Board is responsible for ensuring that commercial risks and financing needs are properly considered, the obligations of a public company are adhered to and all decisions are made objectively in the interest of the Group and its stakeholders.


The main role of the Board is to:

  • Provide entrepreneurial leadership;
  • Set strategic aims, ensure necessary financial & human resources are in place;
  • Set the Group’s values & standards;
  • Prepare business plans;
  • Review and approve investments;
  • Help develop proposals on strategy;
  • Satisfy themselves on the integrity of financial information;
  • Develop a robust system of internal controls and corporate governance;
  • Ensure the Group has in place sufficient systems, procedures and controls in order to comply with the AIM Rules for Companies;
  • Ensure the Group’s commercial risks and financing needs are properly considered; and
  • Ensure all decisions are made objectively in the interest of the Group and its stakeholders.

There is a clear separation of duties between the non-executive Chairman and the Chief Executive Officer and details of their respective roles can be found under Division of Responsibility.

There is a formal Schedule of Matters Reserved to the Board for consideration and discussion, including:

  • Appointment of Directors
  • Strategic Plans for the Group
  • Annual Budget
  • Major Acquisitions and Disposals
  • Significant Capital Expenditure
  • Approval of full-year and interim results, and the Annual Report and Accounts

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