Corporate Governance

Silence Therapeutics is working towards compliance with the Financial Reporting Council's UK Corporate Governance Code even though it is not currently obliged to do so. Our existing Corporate Governance arrangements are stated below.

Policy and strategy

The Board of Directors is responsible for approving the Company’s policy and strategy. It meets on a regular basis and has a schedule of matters specifically reserved for it to consider. The executive management team supply the Board with appropriate and timely information and the Directors are free to seek any further information they consider necessary. All Directors have access to regular training and independent professional advice at the Company’s expense.

 

Internal controls

The Board is responsible for maintaining a strong system of internal controls to safeguard shareholders’ investment and the Company’s assets and for reviewing its effectiveness. The system of internal financial control is designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

An Audit & Risk committee has been established and comprises three Non-Executive directors. The Committee is responsible for ensuring that the financial performance of the Group is properly monitored and reported on, as well as meeting the Company’s auditor and reviewing any reports from the auditor regarding accounts and internal control systems.

 

Board Committees

Remuneration Committee

The Remuneration Committee assists the board in the discharging of its responsibilities related to remuneration of the Company’s executive officers.

Chairman: Andy Richards

Members: Stephen Parker, Alistair Gray, Andy Richards

Audit & Risk Committee

The Audit & Risk Committee assists the board’s oversight of accounting and financial reporting processes and the audits of the Company’s financial statements.

Chairman: Alistair Gray

Members: Stephen Parker, Andy Richards, Alistair Gray

Nominations Committee

The Nominations Committee recommends to the board those persons to be nominated for election as directors at any shareholders meeting.

Chairman: Stephen Parker

Members: Alistair Gray, Andy Richards, Stephen Parker

 

Relations with shareholders

Silence Therapeutics values the views of its shareholders and recognises their interest in the Company’s strategy and performance. The Annual General Meeting, Annual Report, interim announcements and company website are all used to communicate with private investors and they are encouraged to participate.