“We are committed to high standards of corporate governance which we consider are critical to business integrity and to maintaining investors’ trust in us. We expect all our directors, employees and suppliers to act with honesty, integrity and fairness. Our business principles set out the standards we set ourselves to ensure we operate lawfully and with integrity.”
For financial years beginning prior to 29th June 2010, UK premium listed companies were required to comply with the provisions of Section 1 of the Combined Code (2008) or, state the areas in which they did not comply. The FRC issued the new UK Corporate Governance Code in 2010 (the ‘Code’), applicable for financial years beginning on or after 29th June 2010. The same ‘comply or explain’ remains.
The Code is a guide to a number of key components of effective Board practice, the main principles being:
- Leadership
- Effectiveness
- Accountability
- Remuneration
- Relations with Shareholders
As a Company trading on AIM, Johnson Service Group PLC was not required to comply with the Combined Code nor is it required to comply with the Code. Notwithstanding this, the Board has reviewed the procedures to comply with the provisions of the Code and is committed to high standards of corporate governance which it considers are critical to maintaining investors’ trust. The Board expects all directors, employees and suppliers to act with honesty, integrity and fairness.
Further information is available in the 2012 Annual Report, or by following the links below: