The Board of Wilmington is committed to maintain appropriate standards of corporate governance and has implemented in full the changes to the UK Corporate Governance Code introduced in 2012. The Directors see good governance as fundamental to effective management of the business and delivery of long-term shareholder value.
Relations with shareholders
The Directors seek to build on a mutual understanding of objectives between the Company and its institutional shareholders by means of a programme of meetings with major shareholders, fund managers and analysts each year. The Company also makes presentations to analysts and fund managers following publication of its half-year and full-year results. The Senior Independent Director is available to shareholders if they have concerns which other contacts have failed to resolve.
The Chairman or one of the other Non-executive Directors is available on request to attend meetings with major shareholders. The Board regularly receives copies of analysts’ and brokers’ briefings.
The AGM, for which at least 20 working days’ notice is given and where shareholders are invited to ask questions during the meeting and are able to meet with the Directors after the meeting, is normally attended by all the Directors. The number of proxy votes for, against or withheld in respect of each resolution is disclosed at the AGM and a separate resolution is proposed for each item.