As a London Stock Exchange listed organisation, Hampson Industries PLC complies with Section 1 of the Combined Code on Corporate Governance (July 2003) and with the updated section of the 2006 Financial Reporting Council Combined Code (July 2006). In addition, we have robust self governance controls in place to ensure that we comply stringently with our legislative requirements, employ best practice methods of operation and effectively manage risk.
The Board, which is responsible for the on-going success of the Company, has nominated specific responsibilities to three Board committees - the Audit Committee, Remuneration Committee and Nominations Committee. The performance of the Board and its Committees is regularly reviewed.
We provide our shareholders and investors with a comprehensive range of financial tools and resources in order to give clear visibility of our latest performance, share price, Board of Directors, Director share dealings and strategy. Shareholders attending the AGM are also invited to ask questions.
The Board also has a policy of having systems in place to optimise the Group’s ability to manage risk. Responsibilities for identifying, evaluating, monitoring and managing risks have been delegated to the Executive Directors. Commercial, financial and health and safety risks are also reviewed on a regular basis by the Board.
Furthermore, procedures are in place to ensure the independence of our external Auditor and any non-audit services provided by the Auditor are reviewed by the Audit Committee.