The Company intends, so far as is practicable and appropriate for a company of its size and nature, to comply with the provisions of the UK Corporate Governance Code, as modified by the recommendations of the Quoted Companies Alliance. The Company has three independent, non-executive Directors (including the Chairman) to bring an independent view to the Board, and to provide a balance to the executive Directors.

The Board is responsible for formulating, reviewing and approving the Company’s strategy, budgets and corporate actions. The Directors hold meetings of the Board ten times a year with additional meetings as and when required. Beeks Financial Cloud Group plc has established audit, remuneration and nomination committees with formally delegated duties and responsibilities.

 

Audit Committee


The Audit Committee has the primary responsibility of monitoring the quality of internal controls and ensuring that the financial performance of Beeks is properly measured and reported on. It receives and reviews reports from the executive management team and external auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout Beeks. The Audit Committee meets not less than twice in each financial year and has unrestricted access to the Company’s external auditors.

The Audit Committee consists of the following persons:

  • Mark Cubitt, Chairman
  • Will Meldrum, Member

 

Remuneration Committee


The Remuneration Committee reviews the performance of the executive directors and makes recommendations to the Board on matters relating to their remuneration and terms of service. The Remuneration Committee also makes recommendations to the Board on proposals for the granting of share options and other equity incentives pursuant to any employee share option scheme or equity incentive plans in operation from time to time. The Remuneration Committee meets as and when necessary. In exercising this role, the Directors shall have regard to the recommendations put forward in the QCA Guidelines and, where appropriate, the UK Corporate Governance Code.

The Remuneration Committee consists of the following persons:

  • Mark Cubitt, Chairman
  • Will Meldrum, Member
  • Christopher Livesey, Member

 

Nomination Committee


The Nomination Committee considers the selection and re-appointment of Directors. It will identify and nominate candidates to fill Board vacancies and review regularly the structure, size and composition (including the skills, knowledge and experience) of the Board and make recommendations to the Board with regard to any changes.

The Nomination Committee consists of the following persons:

  • Will Meldrum, Chairman
  • Mark Cubitt, Member
  • Christopher Livesey, Member