Clear strategy and stable financial position
- Vision and mission
- Integrated strategic and business plan, budgets, forecasts and performance management
- Appropriate management team to execute the strategy and run a UK public company
- Proven financial track record (3 yrs audited financials)
- Credit history/rating
- Dividend policy
Transparent structure
- Established transparent legal structure
- Functional and flexible tax structure & tax compliance process
- Ability to function on stand-alone and arms-length basis
- Defined and respected group management reporting lines
- Executives motivation & remuneration including share incentives
Corporate governance
- Composition and organisation of the Board
- Independence and objectivity
- Separation of Chairman of the Board and CEO
- Size of the Board
- Sub-committees (Audit, Nomination and Remuneration)
- Board remuneration
- Delegated Authority (incl. reserved matters for the Board)
- Board reporting procedures
- Internal Audit function
- Risk management framework and process
Timely and accurate reporting
- Robust internal processes and controls
- Ability to produce timely IFRS reporting within required time-frame
- Ability to monitor and report KPIs on a timely basis
- Corporate Treasury policy
- IT environment and security
Transparency and disclosure
- Financial reporting
- Framework
- Accountability & responsibility
- Communication
- Compliance and monitoring
- Audit and Assurance
- Disclosure
- Investor relations
Reputational predictability and corporate citizenship
- Code of conduct
- Fraud risk management policy
- Business ethics
- Health and safety, social & environmental obligations
