The Board is committed to maintaining the highest levels of corporate governance to allow for effective decision-making amidst high levels of uncertainty in the external environment. Effective governance has allowed the Company to continue to make critical business decisions which promote the long-term success of the Company.
Maintaining appropriate standards of corporate governance is essential for good management of the business. As a Board, we recognise the need for ensuring an effective corporate governance framework is in place to give our stakeholders the confidence that the business is being run effectively. I am pleased to report that during the year the Company has applied the principles and complied with the provisions of the 2018 UK Corporate Governance Code (“the Code”), with the exception of Provisions 36 and 38, post-employment shareholding requirements and aligning executive director pension contributions with the workforce.