Corporate governance statement This statement describes our corporate governance structures and procedures, the work of the Board, its Committees and management, and how we have applied our chosen corporate governance code, the Quoted Companies Alliance Corporate Governance Code (the “QCA Code”). THIS INFORMATION WAS LAST REVIEWED AND UPDATED ON 26 APRIL 2021. Chairman’s introduction The Board is committed to ensuring high standards of governance for the Company and considers that the Quoted Companies Alliance Corporate Governance Code 2018 (the “QCA Code”) provides the most appropriate framework of governance arrangements for a public company of our size and complexity. We have complied with all principles of the QCA Code throughout the year. The Board remains committed to effective corporate governance as the basis for promoting the long-term growth and sustainability of the business for the benefit of our shareholders and wider stakeholders. As Chairman of the Board, I am responsible for ensuring that the Company has corporate governance arrangements in place which are appropriate for the size and complexity of the Company and that these arrangements are followed in practice. We are committed to delivering growth in the long term, building trust through open dialogue and maintaining a dynamic management framework. We have sought to ensure that we have a dynamic governance environment which allows the business the opportunity to thrive in the long term, where the Group works towards its agreed strategy mindful of its impact on others and the threats and opportunities faced but is confident in its robust system of risk management and internal control. An environment where open dialogue is encouraged to build trust and ensure the legitimate motivations and expectations of both shareholders and stakeholders are recognised and met and where a diverse, skilled Board sets the culture of the Company by supporting the Group’s vision and values. Whilst we have chosen to apply the QCA Code, we also continue to have regard to the UK Corporate Governance Code 2018 (the “UK Corporate Governance Code”) as best practice guidance and seek to comply with the UK Corporate Governance Code wherever this is appropriate for the Company. As a Board, we are committed to providing the robust leadership and oversight of the business required in setting and monitoring the Company’s culture to ensure that behaviours align with our purpose, values and strategy. The Board is very aware that the tone and culture set by the Board will greatly impact all aspects of the Group as a whole and the way that employees behave. We have a number of policies and procedures in place to ensure the culture the Board wants to foster is embedded throughout the business. Further information can be found within the Our Sustainability page. A healthy corporate culture is promoted within the business in various ways including by linking employees’ appraisal objectives and reward and recognition schemes to our vision and values. The Board assesses the culture of the Company through engagement with employees and other stakeholders (further details can be found in the Stakeholder Engagement section on page 21), the monitoring of the development of risks to the business and the external awards and accreditations we receive from organisations such as Investors in People. The Board is satisfied that a culture of openness, honesty and integrity exists within the business and is one that is consistent with our vision to be a leading force in the global homeware sector. Our business model and mitigation of our principal risks rely on positive relationships with key stakeholders which can only occur if a culture of openness and integrity exists. We promote knowledge of our whistle-blowing policies with employees and suppliers to ensure such openness is always available. Our governance framework is kept under review. There have been no significant corporate governance challenges in 2020. Whist Covid-19 has clearly brought operational challenges, the Group has managed these in an exemplary way and our corporate governance has not faltered. Maintaining a skilled, well-balanced and experienced Board is of fundamental importance to the long-term success of the business. During 2020, there were a number of changes to the Board. Two of our Non-executive Directors resigned during the year; Janis Kong at the AGM on the 19 May 2020 and Lawrence Bryan on 4 August 2020. Clare Askem joined us as a Non-executive Director on 4 August 2020, strengthening the Board with her experience in business change and digital transformation. Also, on 4 August 2020, the Group was delighted to welcome Jacqui Gale to the Board as Chief Commercial Officer and on 28 August 2020 Bill Robedee as President of North America. Jacqui has been with the Group as the Managing Director of Wax Lyrical Limited, the Group’s home fragrance division, since 2018. Bill joined us as part of the Nambé LLC acquisition in 2019 and integrated the Group’s two US businesses over the prior 12 months. Phil Atherton resigned as Group Sales & Marketing Director on 3 August 2020. We currently have four Non-executive Directors alongside five Executive Directors. We have in place a Board that is extremely capable, energetic and focused on delivering our strategy for the benefit of all our stakeholders. We are of the view that the Board is a balanced team with constructive scrutiny and challenge from the Non‑executive Directors. 17 March 2021 Delivering growth in the long term Building trust through open dialogue Maintaining a dynamic management framework Website terms and conditions Trade terms and conditions of sale Corporate privacy policy Employment privacy policy Cookie declaration Modern slavery statement Gender pay gap report Anti-bribery and corruption policy Terms and conditions of purchase Our brands Portmeirion Spode Wax Lyrical Royal Worcester Pimpernel Nambé © 2012-2021 Portmeirion Group PLC Designed by Design Portfolio