Further details on the Terms of Reference of the Committees can be accessed here.
The Board meets physically eight times a year and conducts meetings remotely at other times as required. The Board receives a full reporting pack once a quarter which details Group and entity-trading performance and contains individual reports from each of the Executive Directors and the entity Managing Directors. It is the Board’s responsibility to formulate, review and approve the Group’s strategy, budgets and major items of expenditure.
The Board believes in a strong governance culture and recognises the need to adopt and comply with a recognised corporate governance code. The Board has adopted the updated Quoted Companies Alliance (QCA) corporate governance code for Midwich plc. The most recent statement of QCA code compliance is available here.