Framework 2021
As an AIM-quoted company, Challenger Energy Group P.L.C. (“CEG”, “Challenger Energy” or the “Company”) and its subsidiaries (together the “Group”) is not subject to the requirements of the UK Corporate Governance Code, though the Company is required to apply a recognised corporate governance code, demonstrating how Challenger Energy complies with such corporate governance code and where it departs from it.
The Directors of the Company have formally taken the decision to apply the QCA Corporate Governance Code (the “QCA Code”) as the standard against which the Company chooses to measure itself in 2021. This QCA Code emphasises the need for well balanced, effective boards, with a strong emphasis on overseeing risk management aimed at protecting the Company from unnecessary risk to enable the Company to secure its long-term future. In addition, the QCA Code highlights the alignment of remuneration policies with shareholder interests and sound shareholder relations. The Company will provide annual updates on its compliance with the QCA Code in its Annual Report.
The Board’s overall mission is: to build a sustainable business through consistent growth and to promote transparency and integrity in business with sound ethical values and behaviours and to ensure that we act responsibly in creating and maintaining a flexible, efficient and effective framework for entrepreneurial management that delivers growth in shareholder value over the long term.