The Board believes that good governance is fundamental to the successful growth of our business. The Board and its Committees play a central role in the Company’s governance by providing an external and independent perspective on matters material to Abcam’s stakeholders, and by seeking to ensure that effective internal controls and risk management measures are in place.
The Board also promotes a culture of good governance throughout the Company by creating an environment of openness, transparency, accountability and responsibility.
Compliance with the UK Corporate Governance Code 2016 (“Code”)
The Code sets out the principles of good practice in relation to corporate governance to be followed by companies with a full listing on the London Stock Exchange. Although as an AIM-listed company we are not required to comply with the Code, the Board believes that it is appropriate for Abcam to comply with the Code in so far as it relates to companies which are outside the FTSE 350. This document sets out how Abcam complied with the Code for the year ended 30 June 2019, together explanations regarding any areas of non-compliance.