41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 96
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THE UNITE GROUP PLC | Annual Report and Financial Statements 2022
BOARD STATEMENTS
Under the UK Corporate Governance Code, the
Board is required to make a number of statements.
These statements are set out below:
COMPLIANCE WITH THE CODE
REQUIREMENT
BOARD STATEMENT
MORE INFORMATION
The Unite Group PLC is listed on the
London Stock Exchange and is subject to
the requirements of the UK Corporate
Governance Code 2018 (the “Code”). The
Board is required to apply the principles
of the Code and to either comply with the
provisions of the Code or, where it does not,
explain the reasons for non-compliance.
The Board considers that the Company has,
throughout the year ended 31 December 2022,
applied the principles and complied with the
provisions set out in the Code except in relation
to Provision 38: alignment of Executive Director
pension contributions with the workforce
(see explanation on page 133 of the Directors’
Remuneration Report).
Details on how the Company
has applied the principles and
complied with the provisions
can be found throughout this
Corporate Governance section
of the Annual Report.
REQUIREMENT
BOARD STATEMENT
MORE INFORMATION
In accordance with the requirements of the
new Listing Rule 9.8.6R(9) which applies
to accounting periods starting on or after
1 April 2022, the Board is required to
provide a statement as to whether it has
met certain targets related to gender and
ethnic diversity at Board level. The Board
has chosen to provide these disclosures on
a voluntary basis this year.
The Board confirm that as at 31 December 2022,
2 out of 3 diversity targets were met:
More details on the Company’s
compliance with the Listing Rules
relating to Board diversity amongst the
Board and executive management can
be found on pages 115–118.
The code is available at www.frc.org.uk.
The table below on page 96 details
where disclosure against the
principles of the Code can be found
in this Corporate Governance Report.
LISTING RULE – BOARD DIVERSITY
1. 40% of the Board were women.
2. One of the senior Board positions (the Senior
Independent Director) was held by a woman.
3. None of the Directors were from an ethnic
minority background.
GOING CONCERN
REQUIREMENT
BOARD STATEMENT
MORE INFORMATION
The Board is required to confirm that the
Group has adequate resources to continue
in operation for the foreseeable future.
After making enquiries and having considered
forecasts and appropriate sensitivities, the
Directors have formed a judgement, at the
time of approving the financial statements,
that there is a reasonable expectation that the
Group has adequate resources to continue in
operational existence for the foreseeable future,
being at least 12 months from the date of these
financial statements.
More details on the Going Concern
statement can be found on pages
185–186.
REQUIREMENT
BOARD STATEMENT
MORE INFORMATION
The Board is required to assess the viability
of the Company taking into account the
current position and the potential impact
of the principal risks and uncertainties set
out on pages 82–87.
Taking account of the Company’s current
position and principal risks, the Directors have
a reasonable expectation that the Group will
be able to continue in operation and meet its
liabilities as they fall due over the three-year
period to December 2025.
More details on the Viability
statement can be found on page 81.
VIABILITY STATEMENT
