Corporate Governance

How Idox complies with the UK Corporate Governance Code

Investors / Corporate Governance

Idox plc complies with the standards of good practice for listed companies on board composition and development, remuneration, shareholder relations, accountability and audit set out in the UK Corporate Governance Code.

Idox plc Statement of Compliance with Corporate Governance Code

Role of the board

The board meets regularly and is responsible for strategy, budgets, performance, approval of major capital projects, acquisitions and the framework of internal controls.

Board committees

Audit
committee

Chair: Alice Cummings
Members: Christopher Stone,
Phil Kelly, Mark Milner

The audit and risk committee is responsible for monitoring the financial integrity of Idox plc. It reviews financial information and accounting policies and ensures the clarity of disclosures. It reviews internal controls and risk management systems. It reviews the internal audit requirement and oversees the relationship with external auditors.

Remuneration committee

Chair: Phil Kelly
Members: Christopher Stone,
Alice Cummings, Mark Milner

The remuneration committee has overall responsibility for making recommendations to the board on the remuneration packages of the executive directors.

Nomination
committee

Chair: TBC
Members: Alice Cummings, Christopher Stone, Phil Kelly, Mark Milner

The nomination committee is responsible for the composition, size and structure of the board, taking into account diversity and the skills, knowledge, and experience needed to address future opportunities and challenges. It is responsible for succession planning for directors and other senior executives, and for identifying and nominating candidates to fill board vacancies.

Idox plc Remuneration committee terms of reference

Idox plc Nomination committee terms of reference

Idox plc Audit committee terms of reference

Shareholder information

Dividend policy

The company commenced paying dividends in 2007. It is the board’s intention to pay dividends when appropriate. Payment of dividends is subject to shareholder approval.