Right Metals
Right Location
Right Time​​

The directors recognise the importance of sound corporate governance commensurate with the size
and nature of the group and the interests of its shareholders and have adopted the QCA Code.

The Board comprises five Non-Executive Directors (including the Chairman) and two Executive Directors, reflecting a blend of different experiences and backgrounds. Two Non-Executive Directors (being Sara Minchin and Craig Moulton) are regarded as independent within the meaning of the UK Corporate Governance Code and free from any relationship that could materially interfere with the exercise of their independent judgement.

The Board holds regular board meetings, and the Directors are responsible for formulating, reviewing and approving the company’s strategy, budget and major items of capital expenditure.

The Directors have established an audit committee and a remuneration committee with formally delegated rules and responsibilities. In view of the size of the Company, the Board as a whole carries out the duties that would sometimes be delegated to a Nominations Committee.

Corporate Governance Statement

Audit Committee

The Audit Committee comprises Craig Moulton and Sara Minchin, and meets at least twice a year. The committee is primarily responsible for reviewing and overseeing the relationship with the external auditors, including making recommendations to the Board on the appointment of auditors and the audit fee and ensuring that the financial performance of the company is properly monitored and reported. In addition, the Audit Committee receives, and reviews reports from management and the auditors relating to the interim report, the annual report and accounts and the internal control systems of the company. The Audit Committee also considers, manages and reports on the risks associated with the company as well as ensuring the company’s compliance with the AIM Rules for Companies and MAR concerning disclosure of inside information.

Remuneration Committee

The Remuneration Committee comprises Alastair Clayton (as Chairman), with its other members consisting of Craig Moulton and Sara Minchin. The Remuneration Committee reviews the performance of the executive Directors and make recommendations to the Board on matters relating to their remuneration and terms of employment. Under its terms of reference, the Remuneration Committee meets at least twice a year and is responsible for ensuring that the company can recruit and retain executive directors, officers and other key employees who are fairly rewarded (which extends to all aspects of remuneration) for their individual contribution to the overall performance of the group.