The Company, being listed on AIM, is not required to comply with the UK Corporate Governance Code (“the Code”). However, the Company has given consideration to the main principles of the Code and the Directors support the objectives of the Code and intend to comply with those aspects that they consider relevant to the Group’s size and circumstances.

Corporate Governance

The Company, being listed on AIM, is not required to comply with the UK Corporate Governance Code (“the Code”). However, the Company has given consideration to the main principles of the Code and the Directors support the objectives of the Code and intend to comply with those aspects that they consider relevant to the Group’s size and circumstances.

The Board of Lionsgold is responsible for the success of the Company.  The Boards' functions are as follows:

  • to establish strategic objectives and policies
  • to oversee all aspects of the finances
  • to review performance and controls continuously
  • to manage risk
  • to decide on key business transactions

Audit Committee:

The audit committee comprises Luke Cairns and Cameron Parry. The audit committee is responsible for ensuring the appropriate financial reporting procedures are properly maintained and reported on, and for meeting with the Company’s auditors and reviewing their reports and accounts and the Company’s internal controls and risk management systems, whistle-blowing and employee fraud, internal and external audits.

Remuneration Committee:

The remuneration committee comprises any two directors independent to the remuneration in question. The remuneration committee is responsible for reviewing the performance of the executive directors, setting their remuneration levels, determining the design and setting the targets for any performance related pay schemes operated by the Company for the Directors and approving the total annual payments made under such schemes. It is also responsible for determining the policy for and scope of pension arrangements for each executive director and other senior executives and determining at what point the Company should adopt any form of share option plan, and considering the grant of options under any such plan and, in particular, the price per share and the application of the performance standards which may apply to any grant, ensuring in determining such remuneration packages and arrangements, due regard is given to any relevant legal requirements, the provisions and recommendations in the AIM Rules, the Corporate Governance Code and the QCA Guidelines.