Corporate Governance at Denholm Energy Services
The Board recognises the importance of a high standard of corporate governance and believe it is essential for the effective and successful management of the business.
The Group adopted the Corporate Governance Guidelines for Smaller Quoted Companies by the Quoted Companies Alliance (the “QCA Code”) in 2018.
Details of the 10 key governance principles defined in the QCA Code alongside details of how the Group addresses each of these principles can be found here.
Responsibilities of the Board of Directors
The Board is responsible for creating and delivering shareholder value and long-term sustainable growth by setting the strategic direction of the Group, in addition the Board has established Audit and Risk, Remuneration and Nomination Committees which it delegates certain responsibilities to as follows:
Each Committee has written terms of reference setting out its duties, authority, and reporting responsibilities, details of which can be found below.
Audit and Risk Committee
Monitors the integrity of the Group’s financial statements, reviews the relationship with the auditor and the role and effectiveness of the internal audit function. Oversees the risk management process and internal control environment.
Nomination Committee
Ensures that the Board, its Committees and the Leadership Team have the appropriate skills, knowledge, diversity and experience to operate effectively and to oversee the delivery of the strategy.
Remuneration Committee
Determines the reward strategy and remuneration policy for the Executive Directors to align their interests with those of employees and the long term interests of shareholders.