Corporate governance
Corporate Governance
The Directors recognise the importance of good corporate governance and have chosen to comply with the principles set out in the Quoted Companies Alliance Corporate Governance Code (the ‘QCA Code’). For further information on how eEnergy applies the QCA Code.
The Remuneration Committee
The Remuneration Committee comprises Nigel Burton (as Chairman) and Gary Worby and meets at least once each year. The Committee is responsible for the review and recommendation of the scale and structure of remuneration for senior management, including any bonus arrangements or the award of share options with due regard to the interests of the shareholders and the performance of the Company.
Audit and Risk Committee (ARC)
The ARC comprises Nigel Burton (as Chairman) and Andrew Lawley and meets no less than twice a year. The Committee is responsible for making recommendations to the Board on the appointment of the auditor and the audit fee and for ensuring that the financial performance of the Company is properly monitored and reported. In addition, the ARC receives and reviews reports from management and the auditor relating to the interim report, the annual report and accounts and the internal control systems of the Company. The ARC considers, manages and reports on the risks associated with the Company as well as ensuring the Company’s compliance with the AIM Rules and the Market Abuse Regulations concerning disclosure of inside information.
Nomination Committee
The Nomination Committee comprises Andrew Lawley (as Chairman) and Nigel Burton and meets at least once each year. This Committee is responsible for reviewing the structure, size and composition of the Board based upon the skills, knowledge and experience required to ensure the Board operates effectively as well as being responsible for the annual evaluation of the performance of the Board and of individual Directors. The Nomination Committee is expected to meet when necessary to do so. The Nomination Committee also identifies and nominates suitable candidates to join the Board when vacancies arise and makes recommendations to the Board for the re-appointment of any Non-Executive Directors.
Compliance with the provisions of the QCA Corporate Governance Code
Principle 1.
Establish a strategy and business model which promote long-term value for shareholders
Principle 2.
Seek to understand and meet shareholder needs and expectations
Principle 3.
Take into account wider stakeholder and social responsibilities and their implications for long-term success
Principle 4.
Embed effective risk management, considering both opportunities and threats, throughout the organisation
Principle 5.
Maintain the board as a well-functioning, balanced team led by the chair
Principle 6.
Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities
Principle 7.
Evaluate board performance based on clear and relevant objectives, seeking continuous improvement
Principle 8.
Promote a corporate culture that is based on ethical values and behaviours
Principle 9.
Maintain governance structures and processes that are fit for purpose and support goo decision-making by the board
Principle 10.
Communicate how the company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders
This Corporate Governance statement was last reviewed on 30th April 2024.
