Corporate Governance
Corporate Governance
As an AIM listed company, the Company is not required to comply with the Combined Code on Corporate Governance, however the Board supports the general principles therein.
The Board
The Board is responsible for creating value for shareholders, determining strategy, investment and acquisition policy, approving significant items of expenditure and consideration of significant financing and legal matters. The Board is chaired by Peter Johnson.
The Group is currently led and controlled by a Board consisting of three Executive Directors and three Non-executive Directors. The Board considers that the Non-executive Directors are independent and that each has specific expertise and experience, materially enhancing knowledge, judgement and enhances overall performance of the Board.
Board Committees
The Board has referred certain responsibilities to the Audit Committee, Remuneration Committee and Nominations Committee as set out in the links below.
Audit Committee
Remuneration Committee
Nominations Committee
International Financial Reporting Standards (“IFRS”)
For accounting periods commencing on or after 1st January 2007 companies such as Park Group plc (“Park” or “the Group”) quoted on the Alternative Investment Market (AIM) are required to report consolidated results prepared under International Financial Reporting Standards (IFRS) rather than under UK Generally Accepted Accounting Practice (UK GAAP) as adopted in earlier years.
