For the reasons disclosed above and in the Remuneration report, during the year the Company did not fully comply with the following provisions:
- Code Provision A2.2. The Chairman should on appointment meet the independence criteria set out in Code A3.1;
- Code Provision B2.1. The Remuneration Committee should all be independent Non-Executive Directors; and
- Code Provision D1.1. The Senior Independent Director should meet with a range of major shareholders to listen to their views in order to help develop a balanced understanding of the issues and concerns of major shareholders.