Close Brothers Group plc (the “Company”) is committed to high standards of corporate governance, corporate responsibility and risk management in directing and controlling its business. The UK Corporate Governance Code (“Code”) is the principal governance code applying to UK companies listed on the London Stock Exchange.
It is the board’s view that the Company’s governance regime has been fully compliant with the best practice set out in the Code with effect from 4 January 2011, when Geoffrey Howe was appointed as an additional independent non-executive director. Prior to this date less than half the board of directors, excluding the chairman, were independent but the Company’s governance regime was otherwise fully compliant.
