721 Capability Green, Luton
Board of Directors
AIM Rule 26
Admission Document and
Articles of association
Annual report and Accounts
Corporate Governance – Matters reserved for the board
responsibility for direction of the group;
approval of strategic plan brought forward by the CEO;
approval of significant potential investments in other entities;
changes to the capital structure of the group.
approval of the annual operating plan brought forward by the CEO;
approval of significant capital expenditure budgets;
oversight of general operations to ensure an adequate internal control system, good risk management and compliance with regulatory requirements;
approval of preliminary announcements of interim and final results;
approval of the annual report and accounts;
approval of any significant changes in accounting policies or practices.
responsibility for the maintenance and annual assessment of a system of internal control and risk management;
approving the group’s risk appetite, reviewing and approving any activities falling outside the approved risk appetite;
approval of the risk assessment and mitigation framework.
approval of changes to the structure, size and composition of the board;
ensuring adequate succession planning for the board;
appointments to and removal from the board (including Chairman and CEO);
appointments to and removal from board committees;
appointment or removal of the Company Secretary.
appointment, reappointment or removal of the external auditor (subject to confirmation at the AGM);
setting the remuneration policy for executive directors;
setting the remuneration of the non-executive directors.