Governance

• Core Values and Business Ethics
• Corporate and Social Responsibility

Core Values and Business Ethics

Gresham has established the following four core values:

• We are accountable to each other, to customers and shareholders;
• We are committed to integrity in all we do;
• We respect our clients, colleagues, partners and the world around us; and
• We take pride in our service excellence.

Gresham is committed to conducting business with integrity and in an ethical way. In line with our core values and culture, Gresham employees strive to uphold these high standards across the globe: treating each other fairly and with respect, complying with local laws and regulations, respecting privacy, rejecting bribery and corruption and avoiding conflicts of interest.

Core Values and Business Ethics

Corporate Governance

The Group is managed by a Board of Directors comprising both executive and non-executive members with a range of relevant experience. The Group is committed to meeting high standards of corporate governance and the Board acknowledges its role in achieving management accountability, improving risk management and ultimately to creating shareholder value.

The Board has a duty to ensure the Group conducts business responsibly and with due regard for a range of stakeholders including; employees, shareholders, employees, customers, suppliers, partners and the local community. Ultimately, the Board is responsible to shareholders for the proper management of the Group and has a stewardship role, with a responsibility to properly utilise and develop its resources, including its people, its property and its financial assets.

The Board is responsible for, amongst other things, setting and monitoring business conduct and ethical policies, corporate and social responsibility, strategic planning, business acquisitions and disposals, authorisation of major capital expenditure and material contractual arrangements and approval of budgets and financial statements. Other matters are delegated to a senior management team, supported by policies for reporting to the Board.

The Board believes that corporate and social responsibility (CSR) is an important aspect of our overall corporate presence and aims to ensure that the Group is managed in such a way that it has an overall positive impact on society balancing the interests of all stakeholders.

Financial Reporting and Audit

Gresham Computing plc is a public limited company incorporated and domiciled in England and Wales. The Company’s ordinary shares are traded on the London Stock Exchange under a Premium Listing. Important information concerning the Group’s affairs is required to be made public through an approved Regulatory News Service and on the Group’s website.

The Board is responsible for presenting a balanced and understandable assessment of the Group’s position and prospects. This responsibility extends to interim reports, other price-sensitive public reports, reports to regulators as well as to information presented in accordance with statutory requirements.

The financial statements of Gresham Computing plc and its subsidiaries (the “Group”) are prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union. The Group financial statements are audited in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require the auditors to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors.

People & Employment Practices

We recognise that the Group’s success depends on the selection, development and retention of highly-qualified employees.

Gresham aims to provide a working environment where gender, age, culture, disability and lifestyle choice are respected. The Group gives full consideration to all applications for employment where the candidate’s particular aptitudes and abilities are consistent with adequately meeting the requirements of the job. Opportunities are available to disabled employees for training, career development and promotion. Where existing employees become disabled, it is the Group’s policy to provide continuing employment wherever practicable in the same or an alternative position and to provide appropriate training to achieve this aim.

We do not tolerate harassment or discrimination and believe in upholding everyone’s fundamental Human Rights.

Employee development, training and feedback is encouraged, including formal feedback reviews through a Staff Survey that is used to both monitor and amend future operating policies. The Group provides frequent updates on corporate progress.

Occupational Health and Safety

High standards of health and safety are important to us and our business performance. We recognise our responsibilities to employees, subcontractors and visitors to Gresham and customer premises, seeking to ensure their safety and well being in the work place.

We aim to:

• provide adequate control of the health and safety risks arising from our work activities;
• consult with our employees on matters affecting their health and safety;
• provide and maintain safe plant and equipment;
• ensure safe storage, handling and use of substances;
• provide information, instruction and supervision for employees;
• ensure all employees are competent to do their tasks, and to give them adequate training;
• prevent accidents and cases of work-related ill health;
• maintain safe and healthy working conditions; and
• review and revise this policy as necessary at regular intervals.

Environment and Local Community

We believe that climate change resulting from carbon emissions is a major issue facing society. Whilst our industry represents only a small part of the overall global carbon footprint, we recognise that in our own particular way, we can still make a difference. Gresham is committed to assessing and managing its impact on the environment and to reducing such impact over time.

We consider that because of the nature of the activities of the Group, it does not have a significant impact on the environment in which it operates. However, the Group recognises the importance of environmental responsibility and seeks, wherever possible, to reduce its environmental impact through focus on areas that it can control such as energy saving, recycling and appropriate disposal of old computer equipment and mobile phones. We continue to look at ways of controlling our environmental impact and aim to manage our infrastructures in an efficient and environmentally friendly way. The main focus of our management is in energy efficiency, considered use of natural resources (for example, especially electricity, gas, water and paper) and appropriate disposal of waste materials and equipment.