The Board is responsible for leading KRM22 and ensuring that the Group has a strong and robust governance framework.  In applying a recognized corporate governance code, the Directors have adopted the Quoted Company Alliance’s (“QCA”) Corporate Governance Code for small and mid-sized quoted companies (the “QCA Code”).  The Annual Report sets out how the Group applies the QCA Code.

The Board has established three committees: the Audit Committee, Remuneration Committee and Nomination Committee.  Each committee is composed solely of Non-Executive Directors.  Steve Sparke is Chairman of the Audit Committee and Sandy Broderick is Chairman of the Remuneration and Nomination Committees.  The terms of reference for the committees are detailed in the following documents: