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. We have policies and processes that ensure the governance and transparency of our business including:
We use a trusted set of advisors including a company secretary, nominated advisor and brokers.
The Board retains ultimate accountability for governance and is responsible for monitoring the activities of the Executive team. No one individual has unfettered powers of decision. Whilst it is recognised that an Executive Chairman is not considered best practice, it is believed to be the best solution for the business at present. The Board has a Senior Independent Director who works alongside the Executive Chairman.
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 the 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.
Christian Bukovics (Chair)
David Blewden
Simon Ashby-Rudd
The Committee meets as and when required to consider matters related to succession planning and new nominations to the Board.
Christian Bukovics (Chair)
Mohammed Seghiri
Dr John Argent
Nabil Elmjati
The Committee ensures that management of the Company has designed and implemented effective HSE risk programmes, controls and reporting systems, and to report to the Board.
David Blewden (Chair)
Simon Ashby-Rudd
The Committee’s role is to monitor:
The Audit Committee may, if it wishes, hold private sessions with management and the external Auditor.