The company has adopted the Quoted Companies Alliance Corporate Governance Code. Please see attached statement of compliance with the QCA Corporate Goverance Code
The Board of Directors
normally meet nine times a year to review the Group's strategy and
oversee the Group's progress towards its goals. The Board has
established two Standing Commitees i.e. audit and remuneration
committees.
Audit Committee
The
audit committee is chaired by Phil Crooks and its other member is Paul
Latham. The committee meets at least twice a year and is responsible for
ensuring that the financial performance of the Company is properly
reported on and monitored, including reviews of the annual and interim
accounts, results announcements, internal control systems and procedures
and accounting policies.
Remuneration Committee
The
remuneration committee is chaired by Paul Latham and its other member is Phil Crooks. The committee meets at least twice a
year.
The remuneration committee has responsibility for
determining, within agreed terms of reference, the Group's policy on the
remuneration of senior executives and specific remuneration packages
for Executive Directors, including pension rights and compensation
payments. It is also responsible for making recommendations for grants
of options under the Share Option Plan.
The remuneration of
Non-Executive Directors is a matter for the Board. No Director is
permitted to be involved in any discussions as to their own
remuneration.
Takeover Code Statement
The Property Franchise Group PLC is subject to the UK City Code on Takeovers & Mergers.