Corporate Governance

Sportech is committed to sound corporate governance and believes it to be essential for business integrity and for shareholders’ trust in their Board. The responsibility for good governance lies with the Board, and they take a strong interest in ensuring the principles of sound corporate governance are disseminated throughout the organisation.

The effectiveness of our Board is a key priority, as we believe this to be fundamental in order to deliver on business vision and objectives and ultimately, to deliver shareholder value whilst operating in an ethical way.

Our Committees are structured to ensure the responsibilities of the Board are carried out effectively and in line with best practice procedure.

We will continue to strive for best practice governance. We will use our time together as a Board and during communication between Directors outside of formal meetings, to address the core responsibilities of strategy, review of financial and operational performance, review of risk management and internal controls and ensuring the composition of the Board delivers an effective governing body for Sportech.

Sportech Board Committees:

The Committees of the Board are as follows:

Audit Committee

The Committee’s main responsibilities include reviewing the Annual Report and Accounts and Interim Report, including considering significant financial reporting issues and judgements that they contain. 

Audit Committee Terms of Reference (pdf)

Remuneration Committee

The Remuneration Committee of the Board is chaired by Richard McGuire.

The purpose of the Committee is to ensure that the remuneration of Executive Directors and Senior Executives, together with their terms and conditions of employment is sufficient to recruit and retain individuals of the calibre required to ensure a profitable growth of the business.

Remuneration Committee Terms of Reference (pdf)

Nomination Committee

The Nomination Committee comprises the Chairman of the Board (who chairs the Committee) and Richard McGuire.

The Committee’s main aims are to lead the process for any new appointments to the Board (whether Executive or Non-executive), make recommendations to the Board in relation to the same, evaluate the balance of skills, knowledge and experience on the Board, consider any matters relating to the continuation in office of any Director at any time, review Committee memberships and formulate plans for succession.

The Nomination Committee’s activities are underpinned by the principle that all appointments should be made on merit, against objective criteria and with due regard to the benefits of diversity on the Board.

Nomination Committee Terms of Reference (pdf)

Independent Directors Committee

The Board resolved to disband the Independent Directors Committee on 14 June 2016.

Management ensures that the Committees are provided with all the necessary resources to enable them to undertake their duties in an effective and efficient manner. The Company Secretary or her delegate acts as secretary to the Committees.