We are committed to the principles of sound corporate governance.
Denholm Energy is committed to the principles of sound corporate governance. As such, it is required to adhere to a number of governance standards. While Denholm Energy is not subject to all the obligations applicable to, for example, publicly listed equity companies, the Group adopted the Corporate Governance Guidelines for Smaller Quoted Companies by the Quoted Companies Alliance (the “QCA Code”) in 2018.
Adhering to these best practices strengthens shareholder confidence and fosters long-term relationships with our customer base. This voluntary approach reflects a commitment to responsible and tailored governance.
Our system relies upon transparency of financial reporting, risk management and ethical rules. This approach reinforces the power of control and independence of directors, ensuring transparency for the shareholders.
The Board of Directors counts on a majority of independent directors who guarantee the objectivity of the proceedings. They do not perform any other function within the group and have no contractual obligation outside their directorship.
The Board is responsible for creating and delivering shareholder value and long-term sustainable growth by setting the strategic direction of the Group, in addition the Board has established Audit and Risk, Remuneration and Nomination Committees which it delegates certain responsibilities to as follows:
AUDIT & RISK COMMITTEE
Monitors the integrity of the Group’s financial statements, reviews the relationship with the auditor and the role and effectiveness of the internal audit function. Oversees the risk management process and internal control environment.
NOMINATION COMMITTEE
Ensures that the Board, its Committees and the Leadership Team have the appropriate skills, knowledge, diversity and experience to operate effectively and to oversee the delivery of the strategy.
REMUNERATION COMMITTEE
Determines the reward strategy and remuneration policy for the Executive Directors to align their interests with those of employees and the long term interests of shareholders.
MODERN SLAVERY STATEMENT
This statement is made pursuant to section 54 of the Modern Slavery Act 2015 (“MODSA”) and sets out the steps that Denholm Energy Services Limited and its subsidiaries (together Denholm Energy Services) have taken to ensure that slavery and human trafficking is not taking place in any part of their businesses or in their supply chains.
