Aeorema Communications plc (AIM: AEO.L) is a leading, London based, revenue generative, live events agency. The Company, through its events division Cheerful Twentyfirst, specialises in creating engaging, immersive events, using the latest technologies and interactive platforms to deliver highly innovative events for its clients. The Board aims to develop shareholder value through investing in organic growth opportunities as well as exploring potential acquisition opportunities.
The board recognises the importance of good corporate governance and has agreed to adopt the QCA (Quoted Companies Alliance) Corporate Governance Code. Our report sets out how we comply with the QCA Corporate Governance Code at this point in time. We will provide annual updates on our compliance with the code.
The aim of the Board is to function at the head of the Company’s management structures, leading and controlling its activities and setting a strategy for enhancing shareholder value. The Board currently consists of three executive directors and three non-executive directors. The Company does not have a Nomination Committee as such; the Board collectively undertakes the functions of such a committee.
The Board has overall responsibility for ensuring that the Group maintains systems and internal financial controls that provide them with reasonable assurance regarding the financial information both for use within the business and for external publication and that the assets are safeguarded.
There is an Audit Committee consisting of Non-Executive Chairman Michael Hale, Non-Executive Director Stephen Haffner and Non-Executive Director Richard Owen. The terms of reference of the Audit Committee are to assist the Board in the discharge of its responsibilities for corporate governance, financial reporting and internal control. Stephen Haffner chairs the Audit Committee and meetings are held twice a year.
Its duties include maintaining an appropriate relationship with the company’s auditors, keeping under review the scope and the results of the audit and its effectiveness.
The Remuneration Committee consists of Non-Executive Chairman Michael Hale, Non-Executive Director Stephen Haffner and Non-Executive Director Richard Owen, and a meeting will be held in no less than once a year. The Remuneration Committee is responsible for reviewing the performance of the executives of the Company and for setting the scale and structure of their remuneration, paying due regard to the interests of shareholders as a whole and the performance of the Company. Richard Owen chairs the Remuneration Committee.
The information included on the site and updated on 16/11/2018 is being disclosed in accordance with AIM Rule 26.
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We wanted something different and truly magical for our event this year and I think we can safely say that’s exactly what you delivered!