Ace Liberty & Stone plc believes in the importance of the role Corporate Governance plays in the success of a modern company. This is a system of rules, practices and processes by which a company is directed and controlled and it ensures that the interests of all stakeholders are correctly balanced.
Ace has implemented a range of measures to protect shareholders’ interests such as ensuring the non-executive directors have a voting majority on the Board and each committee.
At the heart of Ace’s success is the Board of Directors.
The Board comprises –
the Non-Executive Chairman,
the Chief Executive,
the Senior Independent Director,
two executive directors,
two non-executive directors.
One third of the directors is subject to re-election by rotation at the Annual General Meeting. All newly appointed directors stand for election at the Annual General Meeting following their appointment.
The Board meets at least four times each year.
The non-executive directors are all considered to be independent and have a voting majority on the Board and each committee.
There are three Board Committees, each having defined terms of reference and meeting at least twice each year.
Nominations – responsible for identifying and proposing prospective candidates for directors.
Audit – reviews the audit appointment periodically, discusses the audit plan with the auditor and recommends approval of the financial statements to the Board.
Remuneration – determines on behalf of the Board the remuneration packages of the executive directors.
The members have extensive and diverse, yet complementary experience both within the property field and outside of it supported, as appropriate, by relevant qualifications. This cumulative experience not only enhances overall expertise but has also garnered a wide range of contacts – a vital element in this business.
Please click on photos for details of background and role.
