The Directors of Worldsec recognise the importance of sound corporate governance and intend to comply with the requirements of the U.K. Combined Code on Corporate Governance to the extent that they consider it appropriate having regard to Worldsec’s size, activities, stage of development and resources.
The Board, with a non-executive chairman and over half of its members being non-executive directors, is committed to high standard of corporate governance. All non-executive directors are considered by the Board as independent of management and free from any business or other relationship which could materially interfere with the exercise of their independent judgement. All directors are able to take independent professional advice in furtherance of their duties, if necessary.