The Board is committed to maintaining high standards of corporate governance and considers that it is fully compliant with all the provisions of the UK Corporate Governance Code.
The Board currently consists of a non-executive Chairman, CEO, CFO and six non-executive directors. The Chairman and management of the Group's business is led by the CEO.
All of the Company’s non-executive directors are considered by the Board to be independent and all directors exercise independent judgement in the best interests, and to promote the success, of the Company.
The Board operates within a framework of controls used to minimise risks and has a formal schedule of matters specifically reserved to it for decision. The Board regularly reviews management performance and sets values and standards to ensure that its obligations to shareholders and others are understood and met.
Resources are made available to all Board members at the time of their induction as well as on an ongoing basis to develop their knowledge and understanding of the Group’s businesses and operations, including risks and opportunities.
The Board evaluates its performance and those of its committees and individual members on an annual basis and maintains a programme to ensure the views of major shareholders and analysts are understood by Board members.
In September 2009, Elementis was recognised as having met the corporate responsibility criteria for inclusion in the FTSE4Good Index – a leading global responsible investment index. In awarding Elementis membership of the index, FTSE Group confirms that Elementis has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index company FTSE Group, FTSE4Good is an equity index series that is designed to facilitate investment in companies that meet globally recognised corporate responsibility standards. Companies in the FTSE4Good Index Series have met stringent social and environmental criteria, and are positioned to capitalise on the benefits of responsible business practice.