The Board believes that good governance is fundamental to the successful growth of our business. The Board and its Committees play a central role in the Company’s governance by providing an external and independent perspective on matters material to Abcam’s stakeholders, and by seeking to ensure that effective internal controls and risk management measures are in place.
The Board also promotes a culture of good governance throughout the Company by creating an environment of openness, transparency, accountability and responsibility.
Compliance with the UK Corporate Governance Code
The Code sets out the principles of good practice in relation to corporate governance which should be followed by companies with a full listing on the London Stock Exchange. As an AIM-listed company we are not required to comply with the Code. However, the Board has elected to comply with the Code insofar as is practicable given the Company’s size and the nature of its operations. The Corporate Governance report for the year ended 30 June 2016 can be found on pages 25-52 of our Annual Report and Accounts 2016.