QCA Code Principle 5

As detailed on the Directors & Management page of this website and on page 20 of the 31 December 2023 Report and Accounts, the Board comprises three Executive Directors and four Non-Executive Directors. All Directors have agreed in the terms of their engagement to commit such time as is necessary to discharge their responsibilities to the Company effectively; to attend all scheduled Board, Committee, Strategy, Non-Executive Directors (where applicable) and Shareholder meetings; and to be available at all times to discharge their duties effectively.

The Board considers the majority of the Non-Executive Directors independent in character and judgement and reviews, on an on-going basis, whether there are any relationships or circumstances which are likely to or could affect the independence they bring to matters considered by the Board.

Each Director’s attendance at Board and Committee meetings is disclosed on page 24 of the Annual Report and Accounts for the year ending 31 December 2023.