Committed to the highest standards
The Board recognises its responsibility for the proper management of the Company and is committed to maintaining a high standard of corporate governance.
The Directors recognise the importance of sound corporate governance commensurate with the size and nature of the Company and the interests of its Shareholders. The Corporate Governance Code does not apply to companies admitted to trading on AIM and there is no formal alternative for AIM companies. The Quoted Companies Alliance has published the QCA Code, which includes a standard of minimum best practice for AIM companies, and recommendations for reporting corporate governance matters. The Directors take into account the Corporate Governance Code (and the QCA Code), to the extent they consider it appropriate and having regard to the size and resources of the Company.
ADM Energy PLC has a six member Board of Directors comprised of
- Oliver Charles Tunde Andrews (aged 66) – Non-Executive Chairman
- Richard James Carter (aged 41) – Chief Operating Officer
- Manuel Fabrice Jean-Georges Lamboley (aged 57) – Non-Executive Director
- Lord Henry Campbell Bellingham (aged 67) – Non-Executive Director
- Dr Stefan Liebing (aged 45) – Non-Executive Director
The Remuneration Committee consists of Oliver Andrews (Committee Chairman), Manuel Lamboley and Dr Stefan. It is responsible for reviewing the performance of the senior executives and for determining their levels of remuneration. The Committee makes recommendations to the Board, within agreed terms of reference regarding the levels of remuneration and benefits.
The Audit Committee consists of Oliver Andrews (Committee Chairman), Manuel Lamboley and Dr Stefan. The Audit Committee meets at least two times a year to consider the annual and interim financial statements and the audit plan. The Audit Committee is responsible for ensuring that appropriate financial reporting procedures are properly maintained and reported upon, reviewing accounting policies and for meeting the auditors and reviewing their reports relating to the financial statements and internal control systems.
Anti-Bribery and Corruption
ADM Energy has a strict anti-bribery and corruption policy in line with the UK Bribery Act (2010). The Company will not accept employees giving or receiving bribes, intending either to obtain or retain business for the company, or to obtain or retain an advantage in the conduct of the company’s business.
The company is committed to comply with the Act and will enforce the same level of compliance throughout its operations. This applies to management, employees, contract staff and industry partners working on the Company’s behalf.
The Company's Investment Policy
Last updated: November 1, 2022