Corporate Governance

There is no compulsory regime of corporate governance to which the directors of a UK company admitted to AIM must adhere to over and above the general duties imposed on such directors under English law. However, the Directors acknowledge the importance of the principles set out in the QCA Code. Although the QCA Code is not compulsory for AIM quoted companies, the Directors intend to apply the principles as far as they consider appropriate for a company of its size and nature.

Composition of the Board

Following Admission, the Board will comprise six directors, three of whom shall be Executive Directors and three of whom shall be Non-Executive Directors, reflecting a blend of different experience and backgrounds. The Board considers Nigel Payne, David Matthewson and Stephen Vaughan to be independent Non-Executive Directors under the criteria identified in the UK Corporate Governance Code (September 2014).

Role of the Board

The Board intends to meet regularly following Admission and will be responsible for strategy, performance, approval of any major capital expenditure and the framework of internal controls. To enable the Board to discharge its duties, all directors will receive appropriate and timely information. Briefing papers will be distributed to all directors in advance of Board meetings.

Board Committees

The Board has established audit, remuneration, nomination and disclosure committees with formally delegated duties and responsibilities and with written terms of reference. Each of these committees will meet regularly and at least twice a year. From time to time, separate committees may be set up by the Board to consider specific issues when the need arises.

ECSC Group plc

ECSC Group plc is incorporated and registered in England and Wales under the Companies Act 2006 with Registered No. 3964848. Its main country of operation is the UK.

VAT No. 746361914


28 Campus Road
Listerhills Science Park
United Kingdom

+44 (0) 20 8004 4217

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