Corporate governance.

OUR APPROACH TO CORPORATE GOVERNANCE

As a Company, we are committed to the highest standards of corporate governance. This year the Board has considered in detail the most recent additions to the UK Corporate Governance Code (the Code) in relation to diversity, which has resulted in the adoption of a Board diversity policy.

We have carried out an annual review of our Corporate Governance framework, which included the review of a number of corporate governance policies along with the terms of reference for each of the Board Committees, the Group conflicts of interest policy, the share ownership policy for non-executive directors and all Board and subsidiary directors’ conflicts of interest. The Board is pleased to report that the Company was fully compliant with the principles and provisions of the Code throughout the year under review.