Corporate governance
Governance structures
The Board has adopted the Quoted Companies Alliance Corporate Governance Code (‘QCA Code’) which provides a flexible but rigorous outcome-orientated framework that we believe is well suited to the Group.
An overview of how the Group currently complies with each of the ten principles of the QCA Code is given in our Corporate Governance Statement. Further details may be found in our Annual Report & Accounts.
Monitoring policies and standards
Supported by its committee structure, the Board devotes quality time to monitoring the Group’s performance and the application of Group policies and standards across the Group.
The Group has Policies in place, which establish standards for processes across the Group; these are reflected in business unit specific policies and procedures which in totality create a framework for process and control across the Group.
Risk management framework
The Board has responsibility for oversight of the Group’s risk position, dedicating time to considering the most notable current and emerging risks along across the Group along with assessing and challenging management’s mitigation plans.
The Group has a framework for the identification and management of risk which is in use across all business units.
The governance framework
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The Board comprises six Directors – the Chairman, one Executive Director and one Independent Non-Executive Director.
Membership at 3 August 2026:
David Morrison
Chairman
Jeremy Miller
Independent Non-Executive Director
Brian Barter
Blink Parametric Chief Executive OfficerMeetings held in 2025:Twenty, including both scheduled and additional ad hoc Board meetings
Key matters reserved for the Board:
• responsibility for the overall leadership of the Group and setting the Group’s values and standards;
• approval of the Group’s long-term ambitions, objectives and commercial strategy;
• material changes to the Group’s corporate structure, including any acquisitions or disposals;
• ensuring maintenance of a sound system of internal control and risk management;
• approval of annual and half-year results and trading updates;
• approval of the annual financial budget;
• approval of the dividend policy; and
• material capital investments.Downloads
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Key objectives:
Recommend to the Board the remuneration of the Chairman, Executive Directors, Company Secretary and senior management.
Membership at 3 August 2026:
David Morrison
Chairman
Jeremy Miller
Independent Non-Executive DirectorMeetings held in 2025: SixDownloads
