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The Company has a number of wholly-owned subsidiaries (the Subsidiaries), along with a joint shareholding with Nottinghamshire County Council in Arc Property Services Partnership Limited ("Arc"), (together "the Group").
In the interests of accountability, fairness, responsibility, transparency, disclosure and risk management, the Company has adopted the Wates Principles of The Companies (Miscellaneous Reporting) Regulation 2018. Commitment and adherence to the Principles ensures a high standard of corporate governance.
The six Principles are:
- Principle 1: Purpose and Leadership
- Principle 2: Board Composition
- Principle 3: Director Responsibilities
- Principle 4: Opportunity and Risk
- Principle 5: Remuneration Matters
- Principle 6: Stakeholders Relationship and Engagement
This statement is a reviewed and refreshed annually by the Company's Board of Directors ("the Board").