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Corporate Governance

Corporate Governance

Sound Energy’s success is fundamentally linked to good governance and we remain committed to achieving high standards in all we do. Our business and processes are aligned around a robust governance framework. We adhere to the principles of the Quoted Companies Alliance Corporate Governance Code and are committed to applying these principles as far as practicable, having regard to the current size and structure of the Company, and the requirements of the AIM market of the London Stock Exchange.

While building a strong governance framework we also try to ensure that we take a proportionate approach and that our processes remain fit for purpose as well as embedded within the culture of our organisation. We continue to evolve our approach and make ongoing improvements as part of building a successful and sustainable company.

Good governance provides a framework that allows the right decisions to be taken by the right people at the right time.

Download our Quoted Companies Alliance Corporate Governance Code 2019 statement

The Board

Graham Lyon 

Executive Chairman (Director)


Mohammed Seghiri

Acting Chief Executive Officer


Marco Fumagali

Non-Executive Director

Richard Liddell

Director (Non-Executive)


The Board retains ultimate accountability for governance and is responsible for monitoring the activities of the Executive Team.The Chairman has the responsibility of ensuring that the Board discharges its responsibilities. No one individual has unfettered powers of decision. The roles of Chairman and Chief Executive Officer are split in accordance with best practice.

Board composition %

Executive Committee

Mohammed Seghiri (Acting Chief Executive Officer)

Country & Project Oversight

Leadership & Functional Oversight

The Executive Team supports the Chief Executive Officer and Board decision making, particularly around assurance at project decision gates and new business opportunities. It is accountable for implementation of key strategic building blocks and the performance of the business, designing and implementing the culture and tone of the organisation as well as the sharing of information across the business.


Richard Liddell

Remuneration Committee

Richard Liddell (Chair)

Marco Fumagalli

The Committee meets to consider all material elements of the Company’s remuneration policy, including assessing the directors remuneration and performance.

Richard Liddell

Nominations Committee

Richard Liddell (Chair)

Marco Fumagalli

The Committee meets as and when required to consider matters related to succession planning and new nominations to the Board.

Marco FumagalliMarco Fumagalli

Audit Committee

Marco Fumagalli (Chair)

Richard Liddell

The Committee’s role is to monitor:

  • the integrity of the Company’s financial statements and other formal announcements relating to the Company’s financial performance;
  • the effectiveness of the risk management and internal control systems including the result of reviews of the system and management’s response to review findings;
  • the appropriateness of the Company’s relationship with the external Auditor and the objectivity of the audit process;
  • the enforcement of the Company’s code of conduct and the adequacy and security of the whistleblowing procedure and anti-bribery and corruption policy.

The Audit Committee may if it wishes hold private sessions with management and the external Auditor.