MPAC GROUP PLC (“Mpac” or the “Company”)
To view Mpac Group plc’s Application of the QCA Corporate Governance Code document please click here.
(The information in this statement was last reviewed on 22 March 2023)
As Chairman of the Company, I have pleasure in presenting the Corporate Governance Statement for 2023.
The QCA Corporate Governance Code 2018 (“QCA Code”)
Sound governance is fundamental to ensuring that a Company is run effectively and responsibly, which assists in a Company’s long-term success. Accordingly, the Board has chosen to follow the QCA Code since 2018. The Board is aware that the QCA has introduced a new Code which will come into effect for the Company’s 2025 financial year, the Company is currently reviewing to assess if there will be any changes to the Corporate Governance framework as a result of this.
Due to the ever-changing nature of corporate governance, there is a need to ensure that policies and practices are kept under review to ensure that the Company meets the required standards, while also ensuring that these are in line with the growth and overall strategic plan for the Company.
The Board considers that the policies, procedures and relevant systems, which have been implemented to date, have given us a firm foundation for our governance structure. The Company believes that during 2023 it has complied with the 10 principles set out within the QCA Code as shown in the following table.
Andrew Kitchingman
Chairman
18 March 2024