search Corporate Governance HOME east INVESTORS east CORPORATE GOVERNANCE The Board is committed to high standards of corporate governance, and has chosen to comply with the QCA Corporate Governance Code (the Code). We have based our corporate governance framework on its main principles. The Chairman’s Statement on Corporate Governance is outlined below, as are the specific disclosures required by the Code. We review our corporate governance arrangements regularly. The Board is committed to high standards of corporate governance, and has chosen to comply with the QCA Corporate Governance Code (the Code). We have based our corporate governance framework on its main principles. The Chairman’s Statement on Corporate Governance is outlined below, as are the specific disclosures required by the Code. We review our corporate governance arrangements regularly. The Board has adopted a schedule of matters reserved for its decision. These include: Strategy Acquisition policy Corporate governance Risk management Health and safety Approval of major capital expenditure Approval of annual budgets Approval of annual reports Dividend recommendations and policy The Board comprises: the Non-Executive Chairman, Peter Baker, who was appointed on 1 July 2014; two Executive Directors (John Duffy, Chief Executive and Stephen Boyd, Finance Director); and three Non-Executive Directors (Raymond Duignan, Marnie Millard and Robert Beveridge). All Non-Executive Directors and the Chairman are considered independent. There is a clear division of responsibilities between the Chairman and the Chief Executive. The Chairman is responsible for leading the Board, setting its agenda and monitoring its effectiveness. He meets regularly and separately with the Chief Executive and the other Non-Executive Directors. Board Committees The Board has delegated certain responsibilities to the Audit, Remuneration and Nomination Committees. Robert Beveridge chairs the Audit Committee, with Raymond Duignan as the other member. Marnie Millard chairs the Remuneration Committee, with Raymond Duignan as the other member. Peter Baker chairs the Nomination Committee with Raymond Duignan as the other member. Terms of Reference for each of the Committees which detail their primary responsibilities are available to view in the ‘Downloads’ section below. Internal controls and risk management The Board has overall responsibility for the system of internal controls to safeguard shareholders’ investment and the Group’s assets. It is also responsible for reviewing the effectiveness of those controls. They are designed to manage rather than eliminate the risks of failure to achieve the Group’s objectives, and can only provide reasonable, and not absolute, assurance against material loss and misstatement. The Group has dedicated resource to the periodic review of its policies and procedures, and testing of its systems. Keeping shareholders informed The Board maintains a general policy of keeping all interested parties informed by regular announcements and update statements. In doing this, we keep in mind the proportions of direct, nominee and institutional shareholders, and distribute communications between them accordingly. Specific methods of communication are: Annual general meetings Broker briefings Broker and analyst visits to operating sites Letters to shareholders when appropriate Corporate website One-to-one meetings with investors. DOWNLOADS get_app Articles of Association get_app Admission Document get_app Chairman CEO Split of Responsibilities get_app Matters Reserved for the Board get_app Audit Committee Terms of Reference get_app Nomination Committee Terms of Reference get_app Remuneration Committee Terms of Reference get_app Chairman's Statement on Governance – QCA Corporate Governance Code get_app QCA Corporate Governance Code Disclosures get_app Directors' Remuneration Policy Report (unaudited) get_app 2018 AGM Proxy Vote Disclosure get_app Tax Strategy get_app 2020 AGM IN THIS SECTION Corporate Governance east Reports & Presentations east Major Shareholders and Directors’ Interests east Share Price east Analysts east Regulatory News east Events calendar east Pension Governance east AIM Rule 26 east Advisors east Dividend History east Board east YOU MAY ALSO BE INTERESTED IN Our business Our responsibilities Our markets OUR BUSINESS OUR BAKERIES OUR MARKETS OUR RESPONSIBILITIES INVESTORS WORKING HERE MEDIA FOLLOW US © 2021 Finsbury Food Group Plc PRIVACY SITEMAP