Robinson is not required to comply with the UK Corporate Governance Code (the ‘code’) and does not voluntarily apply the full requirements of the Code. However, our governance arrangements do meet many of the requirements of the Code which the directors’ deem most relevant to an AIM listed company having consideration to the size, nature and scope of the company and group’s activities. These arrangements are fully disclosed in the Corporate Governance section of our 2013 Annual Report and Accounts which can be viewed in the Financial Reports section of this website.
The Company holds Board meetings monthly. The Board is responsible for formulating, reviewing and approving the Company’s strategy, budgets, major items of capital expenditure and acquisitions.
The Company is subject to the AIM Rules that restrict dealings in its shares by Directors and applicable employees in certain circumstances and has adopted an appropriate share dealing code.
The Board operates the following committees:
This has primary responsibility for monitoring the quality of internal controls, for ensuring that the financial performance of the Company is properly measured and reported on and for reviewing reports from the Company’s auditors relating to the Company’s accounting and internal controls, and is chaired by the non-executive Chairman; (Chair – Richard Clothier, members – Anthony Glossop, Adam Formela, secretary – Guy Robinson)
This determines the terms and conditions of service of the Directors, including their remuneration and the grant of options and restricted shares to executive Directors under the Company’s Share Option Schemes, and is chaired by Anthony Glossop; (members – Richard Clothier, Adam Formela, secretary – Guy Robinson)
This is responsible for identifying the need for Board appointments, defining personal criteria and qualifications of persons to be appointed and managing the appointment process, and is chaired by the non-executive Chairman. (Chair – Richard Clothier, members – Anthony Glossop, Adam Formela, secretary – Guy Robinson)
UK City Code on Takeovers and Mergers
Robinson is subject to the UK City Code on Takeovers and Mergers.