The directors recognise the value of the Combined Code and endeavour to comply with it, taking into account the size and nature of the Company. The Company seeks to follow the recommendations on corporate governance of the Quoted Companies Alliance for companies whose shares are traded on AIM.
Entertainment One Ltd. believes that doing business responsibly is in the best long term interests of all our stakeholders. Therefore, Entertainment One Ltd. complies with best practice ethical codes of conduct by promising to:
- observe the laws and regulations of each country in which it operates
- provide safe, secure and healthy working conditions for all employees
- promote equality, judging neither by race, nationality, religion, age, gender, disability, sexual orientation nor political opinion
- treat all stakeholders fairly
- communicate openly and honestly all shareholder and stakeholder information
- require similar commitments from third parties, including suppliers, and those acting directly on the Group's behalf
The Company also monitors economic and social issues that may affect the business in the future, developing strategies to minimise any threat.
Economic Factors
Financial sustainability is a key requisite for all stakeholders. Entertainment One Ltd. is committed to managing its funding requirements prudently, and has developed strong internal controls to maximise the full financial potential of the Group's future operating performance. The Company actively analyses industry developments and makes every effort to curtail possible risks to its business.
Social Factors
Entertainment One Ltd. has a positive role to play in the communities in which they operate, benefiting both employees and customers alike. Staff selection, training, and remuneration is carefully structured to attract and retain the best people.
Board Committees
The Board has established an audit committee, a nominations committee, a remuneration committee and an acquisitions committee with formally delegated duties and responsibilities.
The audit committee is chaired by James Corsellis and its other members are David Williams and Bob Allan.
The remuneration committee is chaired by David Williams and its other member is James Corsellis.
The nominations committee is chaired by James Corsellis and its other members are Mark Trachuk and Clare Copeland.
The acquisitions committee is chaired by Darren Throop and its other members are James Corsellis, Giles Willits, Patrice Theroux, Sir George Bain and Mark Trachuk.
Committees Responsibilities
Audit Committee
The audit committee will receive and review reports from management and the company’s auditors relating to the annual and interim accounts and the accounting and internal control systems in use throughout the Group.
Remuneration Committee
The remuneration committee will review the scale and structure of the executive directors and senior managers’ remuneration and the terms of their service contracts. The remuneration and terms and conditions of appointment for the non-executive directors is set by the Board.
Nominations Committee
The nominations committee will review the size, structure and composition of the Board and identify and nominate suitable candidates for the approval of the Board to fill vacancies as and when they arise.
Acquisitions Committee
The acquisitions committee will source and identify potential acquisitions, negotiate the terms of any potential acquisition and coordinate due diligence, negotiations and preliminary documentation subject to full Board approval.