The Board is responsible for the proper governance of the Premier Miton Group plc group of companies (the “Group”) and meets regularly. The Board complies in full with the principles of the corporate governance code published by the Quoted Companies Alliance (the "QCA Code").
The Board also intends to comply, as far as practicable, with certain of the principal requirements of the UK Corporate Governance Code although strictly this code does not apply to the Company. The Board comprises six Directors, of whom two are executive and four are non-executive. The posts of Chairman and Chief Executive are held by different directors. The Board considers, having regard to the QCA Code, that there are currently three independent Non-Executive Directors.
The Directors believe that the composition of the Board is fully in compliance with the QCA Code and is appropriate for a rapidly growing entrepreneurial company where a significant proportion of the equity is owned by employees and their related interests.
The Board has established guidelines requiring specific matters to be decided by the full Board of Directors, including material acquisitions and disposals, investments and capital projects. In addition, the Board has an Audit and Risk Committee, a Remuneration Committee and a Nomination Committee each with formally delegated duties and responsibilities within written terms of reference.
The Directors intend to comply, and procure compliance with, Rule 21 of the AIM Rules for Companies and the relevant provisions of the Market Abuse Regulations relating to dealings by directors and other applicable employees in the Company’s securities and, to this end, the Company has adopted an appropriate share dealing code. Each Non-Executive Director other than Mike Vogel is deemed independent for the purposes of the QCA Code and the UK Corporate Governance Code.