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London Capital Group Holdings plc does not apply any particular corporate governance code; however, it has regard to provisions of the UK Corporate Governance Code. The Board has an Audit Committee, a Remuneration Committee, a Nominations Committee and a Risk Committee (“the Committees”). These Committees have set responsibilities and facilitate the Board in the effective management of the Group. The Committees meet regularly and have set terms of reference which can be obtained from the company secretary on request.
The Board Committee membership is as follows:
|Audit and Risk Committees||Remuneration Committee||Nomination Committee|
|Frank Chapman||Frank Chapman||Frank Chapman|
Below is a summary of the respective roles and responsibilities of each Board Committee:
The Audit and Risk Committees comprise Giles Vardey (Chair) and Frank Chapman both of whom are non-executive directors. Other members of the Board and senior management team within Finance and Compliance, as well as the internal and external auditors may attend the Committees by invitation. The Audit and Risk Committees meet at least four times a year and receives reports from the Group's management relating to accounting and internal controls and the findings of both external and internal audits. The Committees have direct and unrestricted access to both the internal and external auditors.
The Audit Committee is also responsible for:
The Risk Committee is also responsible for:
The Remuneration Committee comprises Giles Vardey (Chair) and Frank Chapman who are both non-executive directors and meets at least twice each year.
The primary function of the Remuneration Committee is to review the salary levels, discretionary bonuses, share based awards and terms and conditions of service of the Executive Directors. The Committee also reviews the service contracts and compensation decisions made in respect of other senior management and Code Staff as defined by the FCA’s Remuneration Policy, as well as the Group bonus and share based awards distribution policy.
The Nomination Committee comprises Giles Vardey (Chair) and Frank Chapman. The Committee considers appointments to the Board and meets as necessary. The Nomination Committee is responsible for nominating candidates, for making recommendations on Board composition, and for considering succession planning requirements of the Group.
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London Capital Group Ltd (LCG) is authorised and regulated by the Financial Conduct Authority (FCA), a member of the London Stock Exchange and is registered under company number: 3218125. London Capital Group Limited (LCG) is a wholly owned subsidiary of LCGH plc. London Capital Group Holdings plc (LCGH plc) is a company registered in England and Wales under registered number: 05497744. Registered address for LCGH plc and LCG is: 2nd floor, 6 Devonshire Square, London, EC2M 4AB.