The Issuer complies with the UK Corporate Governance Code. InnovaDerma ANZ complies with all aspect of the corporate governance regime that applies to it in Australia, and the other subsidiaries comply with their respective local corporate governance regimes.
The Directors are reviewed at each annual general meaning and put up for reappointment by the Issuer’s Shareholders, in accordance with the Company’s articles of association.
The Audit Committee will assist the Board in discharging its responsibilities with regard to financial reporting, external and internal audits and controls, including reviewing the Issuer’s annual financial statements, reviewing and monitoring the extent of the non-audit work, internal controls and risk management systems. The ultimate responsibility for reviewing and approving the annual report and accounts and the half-yearly reports will remain with the Board.
Audit, Remuneration, Nomination and Disclosure Committees
As envisaged by the UK Corporate Governance Code, the Board has established Audit, Remuneration, Nomination and Disclosure Committees.