The company’s Directors recognise the importance of sound corporate governance and observe the requirements of the QCA Code to the extent they consider appropriate in light of the company’s size, stage of development and resources. View this document for further information about our Corporate Governance Code.
The company has established an audit committee, a remuneration committee, and a risk committee as detailed below.
The members of the Audit Committee are Desmond Hellicar-Bowman as chairperson, with John Taylor as the other member. The Audit Committee has primary responsibility for monitoring the quality of internal controls and ensuring that the financial performance of the company is properly measured and reported on.
The Remuneration Committee is chaired by John Taylor with Desmond Hellicar-Bowman as a member. The Remuneration Committee reviews the performance of the Board and makes recommendations to the Directors on matters relating to their remuneration and terms of employment.
The committee also makes recommendations to the Directors on proposals for the granting of share awards and other equity incentives pursuant to any share award scheme or equity incentive scheme in operation from time to time.
The members of the Risk Committee are Desmond Hellicar-Bowman as chairperson, with John Taylor as a member. The Risk Committee will review the operations of the company in relation to its risk practices and the application of the 9 Principles of Distributed Ledger Technology companies as mandated by the GFSC. It makes recommendations to the Directors on any area of operating risk that should be addressed. The Risk Committee will seek advice from Christopher Wawn, non-Board, Chief Compliance Officer.
In light of the size of the board of directors of the company, the Directors do not consider it necessary to establish a nomination committee and the appointment of further directors will be considered by the whole Board; however, the Directors will keep this under regular review.