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Significant Shareholders
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Share Fraud Warning

Corporate Governance

The Board of Directors recognises the value and importance of maintaining the highest standards of corporate governance. The Group has decided to adopt the Quoted Companies Alliance Code (the “QCA Code”), which has become a widely recognised benchmark for corporate governance of small and mid-sized companies, particularly AIM companies.  The Board has endorsed this decision, and having carefully considered the requirements of the QCA Code, it considers that the Group has complied with the QCA Code during the year and where it hasn’t, has explained the reasons for this. The Board recognises that by strengthening the corporate governance framework, it will also support the overall strategy of BiVictriX. It is fundamental that we embed our values into all areas of BiVictriX operations. The Board is committed to implementing recommended corporate governance improvements to ensure that we attain high standards of corporate governance moving forward.

Please see here for our Statement of Compliance with the QCA Code.

Information last reviewed on 5th August 2021.

‍The Board

The Board is responsible for formulating, reviewing and approving the Group’s strategy, budgets and corporate actions, and is collectively responsible for the long-term success of the Group. Whilst day-to-day management of the Group is delegated to the senior management team, certain matters are specifically reserved for decision by the Board and documented in a written schedule which is reviewed annually.
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Roles & Responsibilities

Please see here for the roles and responsibilities for the Chairman, CEO and each director.

Audit and Risk Committee

The Audit Committee’s role is to assist the Board with the discharge of its responsibilities in relation to internal and external financial reporting, audits and controls, including reviewing the Company’s annual and half-yearly financial statements, reviewing and monitoring the scope of the annual audit and the extent of the non-audit work undertaken by external auditors, advising on the appointment of external auditors and the tendering process and reviewing the effectiveness of the Company’s corporate governance, internal audit and controls, risk management, whistle-blowing and fraud-prevention systems. The ultimate responsibility for reviewing and approving the Company’s annual report and accounts and its half-year reports remains with the Board. The Audit Committee will be chaired by Susan Lowther and its other members will be Drummond Paris and Robert Hawkins. The Board has satisfied itself that has recent and relevant financial experience, and that the committee as a whole has competence relevant  to the sector in which theCompany operates. The Audit Committee will normally meet not less than three times in each financial year and at such other times as the chair of the committee requires. It will have unrestricted access to the Company’s auditors.As a matter of course, the Company’s Chairman and Chief Executive Officer will be invited to attend Audit Committee meetings. 

Remuneration and Nominations Committee

The Company considers that, at this stage of its development, and given the current size of its board, it is not necessary to establish a formal remuneration or nominations committee. This position will be reviewed on a regular basis by the Board as a whole.

Information last reviewed on 5 August 2021