QCA Principle

Signposted disclosure

Principle 1 – Establish a strategy and business model which promote long term value for shareholders

N/A

Principle 2 – Seek to understand and meet shareholder needs and expectations

Principle 3 – Take account of wider stakeholder and social responsibilities and their implications for long term success

- See also ESG Report pages 13 - 19 of the annual report for the year ended 31 August 2022

Principle 4 – Embedded effective risk management, considering both opportunities threats, throughout the organisation

N/A

Principle 5 – Maintain the board as a well-functioning, balanced team led by the chair

N/A

Principle 6 – Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities

- See directors’ profiles/biographies in the “Board of Directors” tab: here

Principle 7 – Evaluate board performance on clear and relevant objectives, seeking continuous improvement

N/A

Principle 8 – Promote a corporate culture that is based on ethical values and behaviours

N/A

Principle 9 – Maintain governance structures and processes that are fit for purpose and support good decision-making by the board

- See remuneration committee report for the year ended 31 August 2022 at page 31 of the annual report for the year ended 31 August 2022.

- See the terms of reference for the Audit, Remuneration, Nominations and Corporate Governance committees of the board in the “Company Documents” tab: here

Principle 10 – Communicate how the company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders

- See 2022 AGM proxy/voting statistics:  here

- See historical annual reports: here

- See AGM notices for the AGMs held in January 2018, 2019 and 2020 – at end of each annual report for the years ended 31 August 2017, 2018 and 2019 in the “Financial Reports” tab: here

- See AGM notices for the AGMs held in January 2021 and 2022 – in the relevant circular in the “Company Documents” tab: here