The Board is responsible for establishing the strategic direction of the Company, monitoring the Company’s performance against its business plan and its trading performance, as well as complying with legal, regulatory and corporate governance matters. The Board is committed to maintaining appropriate standards of corporate governance. The Board considers that given the size and nature of the Group’s current activities, it does not intend to comply with The UK Corporate Governance Code (“the Code”) in all matters prescribed by it. This is considered by the Board to be reasonable and appropriate and does not compromise the overall principles of corporate governance which the Board strongly supports.
The Board currently consists of two Executive Directors and one Non-Executive Directors:
Dr. James Mckenzie - Chief Executive Officer
Dr. Majd Zoorob – Chief Technology Officer
Jonathan Freeman - Non-Executive Chairman
The Board has established a remuneration committee and an audit committee with formally delegated duties and responsibilities, and which have written terms of reference as summarised below.