The Board

The Board comprises a non-executive Chairman, three executive Directors and one other non-executive Director. The Directors (including the non-executive Director) have a range of experience and are of sufficient calibre to bring independent judgement to bear on issues of strategy, performance, resources and standards of conduct, which is vital to the success of the Group. The Board meets at least eight times a year and additionally when necessary. At each scheduled meeting of the Board, the Chief Executive reports on the Group’s operations and the Finance Director reports on the financial position of the Group. To enable the Board to discharge its duties, all Directors receive appropriate and timely information. Briefing papers are distributed by the Company Secretary to all Directors in advance of Board meetings. In addition the Board has adopted standard procedures and practices whereby significant issues affecting the Group are reviewed on a regular basis.

All non-executive Directors are considered to be independent by the Board. Keith Butler-Wheelhouse is the independent non-executive Chairman and Kevin Nolan and Trevor Brown are the senior independent non-executive Directors. There is a schedule of matters which are reserved for decision by the Board and matters which are delegated to the various Board committees or to the executive Directors, along with monetary levels of authority for capital expenditure and other financial commitments.

Following the appointment of new Directors, an appropriately tailored induction programme is arranged and the training needs of Directors are regularly considered. If appropriate, all Directors have the authority to take independent legal advice and have direct access to the Company Secretary.

Evaluation of the performance of the Board and evaluation of the performance of individual Directors is conducted regularly on an annual cycle.

Chamberlin plc (the "Company") is incorporated in England and Wales and is admitted to trading on the AIM Market of the London Stock Exchange. As a result, the Company is subject to the UK's City Code on Takeovers and Mergers.

The Company has a share dealing policy and procedure to comply with Rule 21 of the AIM Rules and the EU Market Abuse Regulation (MAR).

Chairman and Chief Executive

The Chairman of the Company is a non-executive Director who is responsible for the running of the Board. The Board is responsible to shareholders for the overall direction and control of the Company, and the Chief Executive is responsible to the Board for management of the Company within the parameters set by the Board. There is a clear division of responsibilities between the two roles.

Relations with shareholders

Members of the Board hold meetings from time to time with major shareholders to discuss the Company's strategy and financial performance.  These are usually held after the public announcement of results each six months and usually involve the Company's brokers, through whom feedback from institutional investors is obtained as necessary.

The Board uses the Annual General Meeting to communicate with all private and institutional investors and welcomes their participation.

Quoted Companies Alliance Corporate Governance Code 2018

The Company applies the Quote Companies Alliance Corporate Governance Code. Details of the principles of the QCA Code, the Chairman's Corporate Governance statement and the Company's disclosures in respect of the QCA Code can be found here.

Published : Monday, January 16, 2023 10:01 AM

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