LON: ALU 227.5000GBp Corporate Governance How we govern the group Board The Board is responsible for the overall governance of the company. Its responsibilities include setting the strategic direction of the company, providing leadership to put the strategy into action and to supervise the management of the business. Downloads Matters Reserved for the Board Audit Committee The Audit Committee is chaired by Vijay Thakrar. Its other member is Stephen Beechey. The Committee is responsible for monitoring and reviewing the integrity of the financial reporting process, including the appropriateness of any judgements and estimates taken in preparing the financial statements; internal and external audit functions; and internal financial controls. Downloads Audit Committee Terms of Reference Alumasc Audit Committee Report 2021 Principal Risks and Uncertainties Remuneration Committee The Remuneration Committee Chairman is to be confirmed. Its other members are; Vijay Thakrar and Stephen Beechey. The Committee is responsible for determining the remuneration policy and the application of the policy in relation to the Chairman’s and Executive Directors’ remuneration. The remuneration of the Non-executive Directors is determined by the Chairman and the Executive Directors. Downloads Remuneration Committee Terms of Reference Alumasc Directors’ Remuneration Report 2021 Proposed Directors’ Remuneration Policy (2020) Nomination Committee The Nomination Committee is chaired by John McCall. Its other members are; Vijay Thakrar and Stephen Beechey. The Committee is responsible for reviewing the size, structure and composition of the Board, including the consideration of skills, knowledge and experience of the Board members. It also manages succession planning and selects potential new Board candidates when appropriate. Downloads Nomination Committee Terms of Reference Statement from the Chairman of the Nomination Committee Compliance with QCA Code There is a commitment to high standards of corporate governance throughout the group. As an AIM quoted company Alumasc has adopted the Quoted Companies Alliance (“QCA”) Code as the basis for its governance framework. 1. Establish a strategy and business model which promotes long-term value for shareholders 2. Seek to understand and meet shareholder needs and expectations 3. Take into account wider stakeholder and social responsibilities and their implications for long-term success 4. Embed effective risk management considering both opportunities and threats throughout the organisation 5. Maintain the Board as a well-functioning, balanced team led by the Chair 6. Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities 7. Evaluate Board performance based on clear and relevant objectives seeking continuous improvement 8. Promote corporate culture that is based on ethical values and behaviours 9. Maintain governance structures and processes that are fit for purpose and support good decision-making by the Board 10. Communicate how the Company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders Information last updated 21 October 2021 Overview Disclaimer Privacy Policy Sitemap Modern Slavery statement Contacts © Copyright 2021 Alumasc Group plc | Website design by Carr Kamasa Design