Corporate Governance

Big Sofa Technologies’ directors recognise the importance of sound corporate governance. Insofar as is practicable for a company of our current size, Big Sofa Technologies follows the QCA Corporate Governance Guidelines for AIM companies.

Our board meets regularly and is responsible for formulating, reviewing and approving our strategy, budgets, performance, major capital expenditure and corporate actions.

We have an audit committee, a remuneration committee and a disclosure committee with formally delegated rules and responsibilities.

Audit Committee

The Audit Committee has primary responsibility for monitoring the quality of internal controls and ensuring that the financial performance of Big Sofa Technologies is properly measured and reported on. The Audit Committee receives and reviews reports from management and external auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the group. The Audit Committee meets at least twice in each financial year and has unrestricted access to the group’s external auditors. The Audit Committee comprises Adam Reynolds and Steven Metcalfe, and is chaired by Nicholas Mustoe.

Remuneration Committee

The Remuneration Committee reviews the performance of the executive directors and makes recommendations to the board on matters relating to their remuneration and terms of service. The Remuneration Committee also makes recommendations to the board on proposals for the granting of share options and other equity incentives pursuant to any employee share option scheme or equity incentive plans in operation from time to time. The Remuneration Committee meets as and when necessary. In exercising this role, the directors have regard to the recommendations put forward in the QCA Guidelines and, where appropriate, the UK Corporate Governance Code guidelines. The Remuneration Committee comprises Nicholas Mustoe and Steven Metcalfe, and is chaired by Paul Clark.

Disclosure Committee

The Disclosure Committee has primary responsibility for, and authority to make decisions on, disclosure delay for the purposes of MAR. Disclosure Committee - The Disclosure Committee comprises Nicholas Mustoe and Paul Clark, and is chaired by Steven Metcalfe.