The Board recognises the importance of high standards of corporate governance as the basis for promoting long term growth for the benefit of all of the Group’s stakeholders.
In accordance with the UK Listing rules the Company complies with the UK Corporate Governance Code 2024 (the ‘Code’).
The Company moved from AIM to the Main Market on 6 October 2025 and with this move the Board now complies with the Code.
The Code comprises of a set of Principles and underlying Provisions.The Company complies with the Principles and seeks to ensure that the business is built around a strong governance framework, instilled by the Provisions of the Code.
Further details in respect of the Directors and Corporate Governance can be found on the website and in the Prospectus.
The Board comprises seven Directors, reflecting a blend of different experiences and backgrounds. The Board believes that the composition of the Board brings a desirable range of skills and experience in light of the Company’s opportunities and challenges as a public company, while at the same time ensuring that no individual (or a small group of individuals) can dominate the Board’s decision-making.
The Board meet regularly to review, formulate and approve the Group’s strategy, budgets, corporate actions and oversee Ashtead Technology’s progress towards its goals. The Company has audit, remuneration and nomination committees with formally delegated duties and responsibilities and with written terms of reference. Each of these committees meet regularly and at least two times a year.
From time to time, separate committees may also be set up by the Board to consider specific issues when the need arises.
Audit Committee
The Audit Committee with Tony Durrant as Chairman, has primary responsibility for monitoring the quality of internal controls, ensuring that the financial performance of the Company is properly measured and reported on and reviewing reports from the Company’s auditors relating to its accounting and internal controls, in all cases having due regard to the interests of Shareholders. The Audit Committee meets at least twice a year. Jean Cahuzac and Kristen Faerovik are the other members of the Audit Committee.
Remuneration Committee
The Remuneration Committee with Tony Durrant as Chairman, reviews the performance of the executive directors and determine their terms and conditions of service, including their remuneration and the grant of options, having due regard to the interests of Shareholders. The Remuneration Committee meets at least once a year. Bill Shannon, Thomas Thomsen, Jean Cahuzac and Kristen Faerovik are the other members of the Remuneration Committee.
Nomination Committee
The Nomination Committee with Bill Shannon as Chairman, identifies and nominates for the approval of the Board candidates to fill board vacancies as and when they arise. The Nomination Committee meet at least once a year. Tony Durrant, Thomas Thomsen, Jean Cahuzac and Kristen Faerovik are the other members of the Nomination Committee.
Disclosure Committee
The role of the Disclosure Committee is to assist the Board of Directors (the “Board”) in ensuring that the Company discloses, accurately and on a timely basis, all information that is required to be so disclosed arising from the Company’s legal and regulatory obligations. The Disclosure Committee shall also ensure that Company maintains insider lists as required under Article 18 of assimilated Regulation (EU) 596/2014 (the “MAR”) as it forms part of retained EU law as defined in the EU (Withdrawal) Act 2018 as amended by the EU (Withdrawal) Act 2020. The Disclosure Committee consists of Bill Shannon, Allan Pirie and Ingrid Stewart.