Chair
Carolyn Clarke
(Independent Non-executive Director)
The Board of Directors recognises the value and importance of high standards of corporate governance, and a culture based on ethical values and behaviors is promoted.
Corporate Governance
Board
The Board comprises the Chairman, Chief Executive Officer, Financial Officer, two Independent Non-executive Directors and two further Non-executive Directors.
The Board has created two Committees: Audit, Risk and Sustainability; and Remuneration. Each has written terms of reference and formally delegated duties, and each is comprised of Independent Non-executive Directors.
Audit, Risk and Sustainability Committee
Member
Christopher Nash
(Independent Non-executive Chairman)
Responsibilites
Reviews all aspects of the Group’s enterprise risk universe, its risk appetite, mitigating controls and the assurance provided to the Directors. In doing so ESG has been embedded in the governance procedures from the outset. The Committee is responsible for oversight of all processes, controls and disclosures associated with Elcogen’s financial reporting and accounting requirements, as well as moving beyond this to consider the non-financial disclosures and commitments, including those related to all aspects of ESG and climate risk.
Remuneration Committee
Members
Carolyn Clarke
(Independent Non-executive Director)
and Christopher Nash
(Independent Non-executive Chairman)
Responsibilites
Reviews the performance of the Executive Directors and set the scale and structure of their remuneration and the basis of their service agreements with due regards to the interests of shareholders. In determining the remuneration of Executive Directors, the Remuneration Committee will seek to enable the Group to attract and retain executives of the highest calibre. The Remuneration Committee also makes recommendations to the Board concerning the allocation of awards under the Share Plans and for the administration of the Share Plans.
