Corporate Governance

AAOG intends, so far as is practicable and appropriate for a company of its size and nature, to comply with the provisions of the UK Corporate Governance Code, as modified by the recommendations of the Quoted Companies Alliance.

The Board

The Board is responsible for formulating, reviewing and approving the Company's strategy, budgets and corporate actions. The Directors intend to hold meetings of the Board ten times a year with additional meetings as and when required.

The Audit and Remuneration Committees

AAOG has established an audit committee and a remuneration committee, each with formally delegated duties and responsibilities. The audit committee comprises two directors and is chaired by Sarah Cope. The audit committee is responsible for both ensuring that the financial performance of the Company is properly reported on and monitored and for reviewing the auditor's reports relating to accounts and internal control systems. The audit committee will meet at least twice a year at the appropriate times in the financial reporting and audit cycle.

The remuneration committee comprises two non-executive directors and is chaired by Nick Butler. The remuneration committee is responsible for the review and recommendation of the scale and structure of remuneration for senior management including the award of share options. It will meet at least two times a year.

Share Dealing Code

The directors comply with Rule 21 of the AIM Rules relating to directors' and applicable employees' dealings in AAOG's securities. Accordingly, AAOG has adopted an appropriate Share Dealing Code for directors and applicable employees and has taken all reasonable steps to ensure compliance by its directors and applicable employees with the provisions of the AIM Rules relating to dealings in securities.


Page last updated: 29 June 2018

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