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Corporate Governance

AIM-quoted companies are required to adopt a recognised corporate governance code with effect from their admission to trading on AIM: however there is no prescribed corporate governance regime in the UK for AIM companies. The Directors recognise the value of good corporate governance in every part of its business. The QCA has published the QCA Code, a set of corporate government guidelines, which include a code of best practice, comprising principles intended as a minimum standard, and recommendations for reporting corporate governance matters. The Board has adopted the QCA Code with effect from Admission, which they believe is the most appropriate for a company of Verici’s size and stage of development.

 

Board

The Board comprises of six Directors, of whom Sara Barrington is an Executive Director and Julian Baines, James McCullough, Dr Erik Lium, Sir Ian Carruthers and Dr Lorenzo Gallon are Non-Executive Directors. Further information on the Directors can be found on our Board of Directors section.

The Board has established an audit committee, a remuneration committee and a nomination committee with formally delegated duties and responsibilities.

Details of these committees, as well as details of the Company’s compliance with the QCA Code principles, are described in the Company’s Corporate Governance statement.

 

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