High standards of corporate governance — transparent, accountable, and aligned with the interests of shareholders and stakeholders.
View on London Stock ExchangeThe Directors of Tap recognise the importance of high standards of corporate governance and are committed to ensuring the Company operates in a manner that is transparent, accountable and aligned with the interests of its shareholders and stakeholders. In accordance with AIM Rule 26, the Board has adopted the QCA Code as its governance framework. The Board believes the QCA Code is appropriate for a company of Tap’s size, stage of development, resources and nature of operations.
The Board reviews compliance with the QCA Code annually and provides updates in the Company’s annual report and accounts.
Given the nature and purpose of the Company, the experience of the Directors and strategy, the Directors believe that the composition of the Board is appropriate and suitable. The Directors consider that both Manuel De Luque Muntaner, in his role as Non-Executive Chairman and John Taylor, in his role as Non-Executive Director, will be Independent for the purposes of the QCA Code.
The Company has established an audit committee (“Audit Committee”), a remuneration committee (“Remuneration Committee”) and a risk committee (“Risk Committee”).
Oversight of financial reporting, remuneration, and operating risk is delegated to dedicated Board committees.
Chair
John Taylor
Members
Manuel De Luque Muntaner
With effect from Admission the members of the Audit Committee will be John Taylor as chairperson, with Manuel De Luque Muntaner 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 Group is properly measured and reported on.
Chair
John Taylor
Members
Manuel De Luque Muntaner
The Remuneration Committee is chaired by John Taylor with Manuel De Luque Muntaner as a member. The Remuneration Committee will review the performance of the Board and make recommendations to the Board on matters relating to their remuneration and terms of employment. The committee will also make recommendations to the Board 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.
Chair
John Taylor
Members
Manuel De Luque Muntaner
The members of the Risk Committee are John Taylor as chairperson, with Manuel De Luque Muntaner as a member. The Risk Committee will review the operations of the Company in relation to its risk practices and the application of the 10 Principles of Distributed Ledger Technology companies as mandated by the GFSC. It will make recommendations to the Board on any area of operating risk that should be addressed.
In light of the size of the Board, the Directors have not considered it necessary to establish a nomination committee and the appointment of further directors will be considered by the whole Board. However, the Board will keep this under regular review.
Tap is building a compounding balance sheet through a live operating business. Raise. Buy. Earn. Repeat — with the disclosure, custody and risk controls institutional capital can diligence.
Risk warning: digital-asset yields are variable and not guaranteed; capital is at risk; deployed capital may use collateralised lending and wrapped tokens, which can lose value; Tap Earn is not a bank deposit and is not covered by any deposit-guarantee scheme. Past performance is not a guide to future results. This website does not constitute investment advice or an invitation to deal in securities.