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This website (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities in the United States or any other jurisdiction where such an offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States. I certify that I am not located in the United States and I am not a U.S. person (as such terms are defined in regulations under the Securities Act.) I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms.
The Board recognises the value and importance of high standards of corporate governance and ensuring that all of its practices are conducted transparently, ethically and efficiently. In the Corporate Governance Statement section of our 2021 Report & Accounts (pages 46 to 49) we have set out our approach to governance and provided further information on how the Board and its Committees operate.
The Board believes that it complies with all of the principles of the QCA Corporate Governance Code. The corporate governance framework which the Group operates, including Board leadership and effectiveness, Board remuneration, and internal control, is based upon practices which the Board believes are proportional to the size, risks, complexity and operations of the business and reflective of the Group’s values. The following describes how Alpha complies with each principle of the QCA Code.
Read more about our Committees
View our Principles and Disclosures
View our Client Concentration
The Audit Committee determines and examines any matters relating to the financial affairs of the Group including the terms of engagement of the Group’s auditors and, in consultation with the auditors, the scope of the audit. In addition, it considers the financial performance, position and prospects of the Group and ensures they are properly monitored and reported on. The Audit Committee meets not less than twice in each financial year and has unrestricted access to the Group’s auditors.
The Audit Committee has two members, both of whom are independent, non-executive directors and have recent and relevant financial experience. The current members of the committee are Vijay Thakrar (Chair), Lisa Gordon, and Clive Kahn, view their bios below.
The Remuneration Committee reviews the performance of the Executive Directors and sets their remuneration, determines the payment of bonuses to the Executive Directors and considers the Group’s bonus and incentive arrangements for employees. In exercising this role members of this committee have regard to the recommendations put forward in the Corporate Governance Code. The Remuneration Committee meets not less than twice a year and at such other times as the chairman of the committee requires.
The Remuneration Committee has two members, both of whom are independent, non-executive directors. The current members of the committee are Lisa Gordon (chair), Clive Kahn, and Vijay Thakrar.
The Nominations Committee reviews and recommends nominees as new Directors to the Board. The Nominations Committee meets not less than once a year and at such other times as the chairman of the committee requires.
The nomination committee is chaired by Clive Kahn; its other members are Lisa Gordon, Vijay Thakrar and Morgan Tillbrook.
Clive Kahn (Chair)
|Establish a strategy and business model which promotes long-term value for shareholders.||See pages 10 and 12 of the Annual Report for the financial year ended 31 December 2021.|
|Seek to understand and meet shareholder needs and expectations.||See pages 28 and 49 of the Annual Report for the financial year ended 31 December 2021.|
|Take into account wider stakeholder and social responsibilities and their implications for long-term success.||See pages 28 and 49 of the Annual Report for the financial year ended 31 December 2021.|
|Embed effective risk management, considering both opportunities and threats, throughout the organisation.||See pages 40 and 49 of the Annual Report for the financial year ended 31 December 2021.|
|Maintain the board as a well-functioning, balanced team led by the chair.||See pages 44 and 48 of the Annual Report for the financial year ended 31 December 2021.|
|Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities.||See pages 44 and 48 of the Annual Report for the financial year ended 31 December 2021.|
|Evaluate all elements of board performance based on clear and relevant objectives, seeking continuous improvement.||See pages 48 and 50 of the Annual Report for the financial year ended 31 December 2021.|
|Promote a corporate culture that is based on sound ethical values and behaviours.||See pages 10, 12 and 49 of the Annual Report for the financial year ended 31 December 2021.|
|Maintain governance structures and processes that are fit for purpose and support good decision making by the board.||See pages 46, 50 and 52 of the Annual Report for the financial year ended 31 December 2021.|
|Communicate how the company is governed by maintaining a dialogue with shareholders and other relevant stakeholders.||See pages 28 and 46 of the Annual Report for the financial year ended 31 December 2021.|
Figures are updated on a bi-annual basis and show sectors that makeup 1% or more of the Group’s total revenue (last updated 30/12/2022).
|Sector||% of revenue|
|Manufacturing Food & Drink||2%|
|Travel & Tourism||1%|
|Research & Development||1%|
Figures are updated on a bi-annual basis and show Alpha’s top 20 client exposures, represented as a % of the forward book (30/12/2022).
|Currency Pair||% of forward book|