Corporate Governance

The Directors are committed to maintaining high standards of corporate governance and, in so far as is practicable and appropriate given the Company's size and nature, ensuring that the Company is in compliance with the QCA Corporate Governance Guidelines for Small and Mid-Size Quoted Companies.

The Company has adopted the Share Dealing Code for the Directors and key employees and will take steps to ensure compliance by the Board and any relevant employees with the terms of the Share Dealing Code.

The Directors have implemented corporate governance procedures and established committees of the Board, including audit and remuneration committees, which they believe are appropriate for a company of Gfinity's size.

Audit Committee

The Company's audit committee currently comprises Tony Collyer (Chairman) and David Yarnton. The audit committee is to meet at least twice a year to consider: the integrity of the financial statements of the Company, including its annual and interim accounts; the effectiveness of the Company's internal controls and risk management systems; auditor reports; and the terms of appointment and remuneration for the auditor.

Remuneration Committee

The Company's remuneration committee currently comprises Tony Collyer (Chairman) and David Yarnton. The remuneration committee is to meet at least twice a year and has as its remit the determination and review of the remuneration of executives on the Board and any share incentive plans of the Company.

The Directors have established financial controls and reporting procedures which they consider are appropriate given the size and structure of the Company.

UK City Code on Takeovers and Mergers

As an AIM traded UK registered company, Gfinity plc is subject to the UK City Code on Takeovers and Mergers legislation.

 

Page last up-dated: 22 December 2014