Whilst companies listed on the ISDX growth market are not obliged to comply with the UK Corporate Governance Code 2010 (the “Code”), the Directors of Early Equity Plc recognize the importance of sound corporate governance and intend to comply with the Code as far as is appropriate having regard to the size and nature of the Company’s operations.
Board of Directors
The Board of Directors comprises of one Executive Director, Mr. Chua Siew Lian and one Non-executive Director, Mr. Gregory Collier. Additional directors will be appointed necessary as the company grows. The Board retains full and effective control over the Company.
The Company holds regular board meetings at which financial, operational and other reports are considered and, where appropriate, voted on.
Apart from regular meetings, additional meetings are arranged when necessary to review our investment strategy, planning, financial performance, risk and capital expenditure, and human resources management.
To enable the Board to perform all its duties, all Directors will have full access to all relevant information and to the services of the Company Secretary.
The Directors have established an audit committee.
The audit committee comprises of Mr. Gregory Collier and Mr. Chua Siew Lian and is chaired by Mr. Collier. The audit committee meets at least twice a year. The committee will review the Company’s annual and interim financial statements before submission to the Board for approval. The committee will review regular reports from management and the external auditors on accounting and internal control matters. Where appropriate the committee will monitor the progress of actions taken in relation to such matters. The committee will also recommend the appointment of, and review the fees of, the external auditors.
Due to the size and composition of the Board, there is neither a nominations committee nor a remuneration committee and the full Board assumes the role and functions of such committees.