Corporate Governance

Updated: December 2022

The Board is fully committed to investing in the management systems and appropriate controls to ensure that the Group’s high standard of corporate governance is reflective of the quality of its operations and service.

The Directors recognise the importance of sound corporate governance commensurate with the size and nature of the Company and the interests of its shareholders.

The Quoted Companies Alliance has published a corporate governance code for small and mid-sized quoted companies, which includes a standard of minimum best practice for AIM companies, and recommendations for reporting corporate governance matters (the “QCA Code”). Kinovo Plc has formally adopted the QCA Code and our disclosures against each of the principles can be found in our QCA Code Corporate Governance Statement linked below.

QCA Corporate Governance Statement
Remuneration Committee

The Remuneration Committee is comprised of Caroline Tolhurst as Chair, Sangita Shah and David Guest. The Committee meets at least twice during the year to consider recommendations as to the composition and level of remuneration for Executive Directors including incentive scheme arrangements and proposals for share option awards. In addition, it considers the Group-wide pay policy, employee benefits offered and arrangements for any performance related pay scheme and share option schemes for employees in general. The Committee’s principal duties and responsibilities are set out in its Terms of Reference linked below.

Remuneration Committee Terms of Reference
Audit Committee

The Audit Committee is comprised of David Guest, as Chair, Sangita Shah and Caroline Tolhurst and aims to meet at least three times per annum. Meetings are also attended by others, by invitation, including the auditor and the Chief Executive Officer, David Bullen. The Audit Committee has delegated responsibility for the oversight of the Company’s risk management, internal controls and procedures for determining the adequacy and efficiency of internal control and risk management systems. responsibilities are set out in its Terms of Reference linked below.

Audit Committee Terms of Reference