At Iomart, we are committed to maintaining the highest standards of corporate governance, ensuring transparency, accountability, and effective oversight throughout our business.
Our Board has adopted the Companies Alliance (QCA) Corporate Governance Code, a governance framework that is both flexible and outcome-oriented, supporting our goals while meeting stakeholder expectations.
Takeovers and Mergers
We adhere to the City Code on Takeovers and Mergers, a regulatory framework applied by The Panel to oversee fair and transparent processes during mergers and acquisitions.
Internal Control
Our Directors are responsible for the Group’s system of internal control, ensuring robust oversight and risk management. These systems are designed to manage risks effectively, helping us achieve our business objectives while mitigating potential challenges.
The Audit Committee and the Board conduct annual reviews to assess the effectiveness of these controls, ensuring they remain aligned with our strategic priorities.
Financial Control
Financial oversight is a cornerstone of our governance.
- Annual Planning: The Board reviews and approves the annual financial plan, ensuring alignment with our strategic goals.
- Performance Monitoring: Financial results, including comparisons to planned and forecasted outcomes, are reported monthly to the Board alongside operational updates.
- Action Plans: Significant variances from the plan are discussed at Board meetings, with actionable steps implemented to address them.
- Expenditure Approval: Authorisation levels for expenditure are clearly defined, with any spending above set thresholds requiring approval from the Executive Directors.
Engaging with Shareholders
We value open and constructive dialogue with our shareholders. The Chief Executive Officer and Chief Financial Officer engage regularly with shareholders and analysts to discuss the Company’s financial performance, strategic objectives, and other key matters.
Want to Know More About Investing in Iomart?
Our commitment to corporate governance is integral to our success. If you’d like to learn more about our governance practices or investing in Iomart, we’d love to hear from you.