Governance

This section was last updated on 27 April 2022

Board of directors

The Board of Directors currently comprises: the Chairman, Martin Bartyzal, who is a non-executive Director; one Executive Director, Dimitris Raptis; and eight other non-executive Directors: Richard van Vliet, Norbert Sasse, David Maimon, George Muchanya, Andreas Tautscher, Piotr Olendski, Daniel Malkin and Favieli Stelian. Details on the Current Directors’ experience can be found in the related section of the Company’s website by following this link.

Role of the board

The role of the Board is to promote the long-term sustainable success of the Company, generating value for shareholders and contributing to wider society.

The Board recognises the need to ensure an effective corporate governance framework is in place to give confidence that it is committed to demonstrating high standards in this regard. In doing this, we strive to build and maintain successful relationships with shareholders as well as our customers, employees, partners and communities and to be responsive to their views.

All Directors are encouraged to constructively challenge and bring independent judgment to bear on all matters, both strategic and operational.

Read more in the corporate governance section of the annual report.

Read our Corporate Governance Statement of Compliance with the UK Corporate Governance Code.

Please note that for the year ending 31 December 2022 onwards, the Board has adopted the QCA Code of Corporate Governance.

In addition, the Company is subject to the UK City Code on Takeovers and Mergers.

The Takeover Code

In addition, the Company is subject to the UK City Code on Takeovers and Mergers.

Committees of the board

The committees of the Board comprise the audit and risk committee, the remuneration committee, the nomination committee and the investment committee.

Audit and Risk Committee

The audit and risk committee comprises four independent non-executive Directors. The audit and risk committee is chaired by Andreas Tautscher and the other members are Daniel Malkin, Richard van Vliet and David Maimon. Details of the audit and risk committee’s formal duties and responsibilities are set out in its terms of reference, which are attached below.

Remuneration committee

The remuneration committee comprises four independent non-executive Directors. The remuneration committee is chaired by Piotr Olendski and the other members are Richard van Vliet, Favieli Stelian and Martin Bartyzal. Details of the remuneration committee’s formal duties and responsibilities are set out in its terms of reference, which are attached below.

Nomination committee

The nomination committee comprises three independent non-executive Directors. The nomination committee is chaired by Daniel Malkin and the other members are George Muchanya and Andreas Tautscher. Details of the nomination committee’s formal duties and responsibilities are set out in its terms of reference, which are attached below.

Investment committee

The investment committee currently comprises five Directors. It is chaired by Favieli Stelian and the other members are Norbert Sasse, Dimitris Raptis, Piotr Olendski and David Maimon. Details of the investment committee’s formal duties and responsibilities are set out in its terms of reference, which are attached below.