The Board is committed to maintaining high standards of corporate governance and considers that a strong corporate governance foundation is essential in delivering shareholder value. We have established governance procedures and policies that are considered appropriate to the nature and size of the Group.
The Group has adopted the Quoted Company Alliance Corporate Governance Code 2018 (the ‘QCA Code’), the corporate governance code tailored for small and mid-size quoted companies. The QCA Code helps companies put in place an effective and flexible governance model and encourages positive engagement between companies and their stakeholders to deliver results.
The QCA Code adopts a principles-based approach and is constructed around ten broad principles. Calnex seeks to adhere to these principles to the highest level possible.
Set out in the attached documents is an explanation of how the Group currently complies with the principles of the QCA Code and, to the extent applicable, those areas where the Group’s corporate governance structures and practices differ from the expectations set out in the QCA Code, together with a list of Matters Reserved for the Board. Annual updates will be provided on the Group’s compliance with the QCA Code.Corporate Governance Matters Reserved for the Board