Serval is committed to effective corporate governance as this is essential for a long-term sustainable business.

The responsibility of ensuring sound corporate governance ultimately lies with the Board of Directors. The Board is comprised of one Executive Director and two independent Non-Executive Directors.

The Board of the Company holds at least four board meetings a year and will also hold timely board meetings as and when issues arise which require its attention. The Board is responsible for the management of the business of the Company and for establishing a strategy and business model which promote long-term value for the Company’s stakeholders.

The Board intends, so far as possible given the Company’s size and stage of development, to comply with the QCA Code. The QCA Code sets out a standard of minimum best practice for small and mid-sized quoted companies. Read more in the Company’s Corporate Governance Statement.

The Board has not yet formally established board committees. However, this will be continually reviewed as the Company grows and matures.

The Company has established Financial Position and Prospects procedures and has adopted an anti-bribery and corruption policy.