Codemasters - AGM 28 July 2020
Codemasters is listed on the Alternative Investment Market (AIM) and has adopted the Quoted Companies Alliance Corporate Governance Code (“QCA Code”)This Code is constructed around ten broad principles and a set of disclosures.
We have the following concerns about the company's governance:
- the Board lacks independence;
- the executive directors represent 50% of the Board;
- the Audit committee comprises only two members, all non-independent;
- the gender diversity is low;
- The Non-Executive Directors do not participate in a bonus scheme but receives NED share options.
As an AIM listed company, Codemasters is not required to prepare the Remuneration Report. The auditor is not required to report on it to the shareholders. And there will be no vote to approve the executive remuneration.
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