The Company complies with the requirements of the Corporate Governance Code for Small and Mid-Sized Quoted Companies 2013 published by the Quoted Companies Alliance from time to time, to the extent the directors consider it appropriate given the Company’s size and nature.
At 1 January 2016 the Board comprised five Directors, made up of one Executive Chairman, a Chief Financial Officer and three Non-Executive Directors. The Board is responsible for overall strategy, the policy and decision making framework in which this strategy is implemented, approval of budgets, monitoring performance, and risk management. The Board meets at regular scheduled intervals and follows a formal agenda; it also meets as and when required.
The Directors may take independent professional advice at the Company’s expense.
Heather Peacock is the Company Secretary ensuring compliance with all corporate governance requirements.
The Company has an Audit Committee, a Remuneration Committee and a Nominations Committee.
John Read chairs the Audit Committee with Paul Ratcliff being the other member of this committee.
Harry Berry chairs the Remuneration Committee with Paul Ratcliff being the other member of this committee.
Paul Ratcliff chairs the Nominations Committee, with Harry Berry being the other member of this committee.
Relationships with Shareholders
The Board understands the need for clear communications with its shareholders. In addition to presentations after publication of results and the Annual General Meeting, meetings are held with fund managers, analysts, and institutional investors. Information is posted on the Company’s web site, www.cyanconnode.com, which contains a comprehensive Investor Relations section.