RhythmOne is committed to maintaining a set of the highest corporate governance practices that allocate rights and responsibilities among the company's stockholders.
The Directors recognize the value and importance of the highest standards of Corporate Governance. We strive to comply with the principles and provisions of corporate governance as far as practicable for a Group of its size and structure, even though as the Group is listed on the AIM Market of the London Stock Exchange, it is not required to comply fully with the principles of Corporate Governance as set out in the UK Corporate Governance Code (the Code).
The Board is comprised of one Executive Director, and the remaining six Board members are Non-Executive Directors. Corporate governance guidelines for AIM companies issued by the Quoted Companies Alliance require that boards should be “balanced between Executive and Non-Executive Directors, and should have at least two independent, Non-Executive Directors.” At the year-end date, RhythmOne exceeds this requirement, with six of the seven Board Directors being independent, Non-Executive Directors.
The Board has established an audit committee, a remuneration committee, nomination committee and a strategy committee, with formally delegated duties and responsibilities and each with written terms of reference.