Safestay Plc is committed to maintaining high standards of corporate governance throughout the Group and to ensuring that all of its practices are conducted transparently, ethically and efficiently. The Company believes that good governance will result in the continued success of the Company and improve shareholder value. Therefore, the Company has chosen to formalise its governance policies by complying with the UK’s Quoted Companies Alliance Corporate Governance code for Small and Mid-Size Quoted Companies (the “QCA Code”).
Accordingly, the Company has established specific committees and implemented certain policies, to ensure that:
– It is led by an effective board which is collectively responsible for the long-term success of the Company;
– The board and the committees have the appropriate balance of skills, experience, independence, and knowledge of the Company to enable them to discharge their respective duties and responsibilities effectively;
– The board establish a formal and transparent arrangement for considering how it applies the corporate reporting, risk management, and internal control principles and for maintaining an appropriate relationship with the Company’s auditors; and
– There is a dialogue with shareholders based on the mutual understanding of objectives.
We continue to evolve our approach and make ongoing improvements as part of building a successful and sustainable company.
Date on which this information was last reviewed: 10 December 2019