Corporate Governance

The Company has adopted the QCA Corporate Governance Code and will report on that basis going forwards.

For a detailed description of the Company’s corporate governance arrangements, please refer to the FY24/25 corporate governance report of the Company which can be found here (see pages 51 – 56). The Company has adopted the QCA Code and details of compliance with the QCA Code are summarised on page 51 of the FY24/25 Annual Report.

The Board has established the following Committees:

• Audit Committee, chaired by Neil Cooper
• Nomination Committee, chaired by Alan Peterson, OBE
• Remuneration Committee, chaired by Neil Cooper

The Company has adopted a Share Dealing Code which applies to Directors, PDMRs and other relevant group employees.