RNS – Result of AGM 28th July 2021
The Board of Aquila is pleased to announce that at the Company’s AGM held earlier today, all resolutions tabled were […]
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Aquila Services Group is a multinational plc helping socially focused organisations develop responses to a changing world and make a positive difference to the communities in which they work. We work with clients across housing and regeneration, sport and education, charity and government sectors.
Board of Directors
Corporate governance
The Board of Directors adopted the Quoted Companies Alliance Corporate Governance Code (QCA Code) in April 2021 as it is more in line with the size and nature of the Company and its subsidiaries (“the Group”). The board continues to further develop the compliance around the code to: Deliver growth, maintain a dynamic management framework, and build trust.
Deliver growth
Shareholder engagement: Contact with shareholders is principally maintained by the executive and non-executive directors. The Company engages with shareholders through:
Stock Exchange announcements: As the Company is on the London Stock Exchange (LSE ) all announcements are through the regulatory news service (RNS).
AGM: Notification of the AGM is sent to shareholders with the annual report. Directors are available at the meeting to answer questions.
Informal meetings with investors: The company also obtains feedback from shareholders through informal meetings with the executive directors, non-executive directors and shareholders.
Other Stakeholder engagement: The Board obtains regular feedback from both employees, clients and regulators.
The Board meets regularly with senior staff throughout the year to discuss areas of operational performance, trading outlook and growth opportunities.
The company engage with employees via, regular staff surveys, the regular use of different media forums to inform and listen, attendance at staff conferences, regular webinar updates and communications.
Customer satisfaction surveys are sent out regularly to engage with clients, ensuring the business needs are met and are the Group is well placed to meet future demands.
Maintain a dynamic management framework
Board composition, succession and evaluation: The work of board composition, succession and evaluation is undertaken by the nominations committee.
During the year 2021-22 the Board intend to review the composition of the Board which will include an evaluation and a plan for succession.
The Board meets at least six times each financial year with additional meetings when circumstances and urgent business dictate. At each meeting the Board reviews a schedule of matters reserved for the board.
The Group board have primary responsibility for the following:
- Providing leadership for the Group
- Overseeing the overall strategic development of the Group and approving the strategy to achieve the Group’s strategic aims
- Setting the Group’s values and standards
- Ensuring effective governance and risk management and that the Group’s businesses act ethically and that obligations to Shareholders are understood and met
- Delegating the management of the day-to-day operation of the business to the subsidiary boards
Build trust
Building trust with all stakeholders is essential for the Group. This is developed through the methods shown above.
Details of all AGM notices and votes are detailed within the annual reports.