King III Principles

Pallinghurst is committed to the highest standards of corporate governance. Corporate governance is the responsibility of the Board.
Pallinghurst complies with the King III code of corporate governance (“King III”). King III requires issuers to comply with each principle, or explain why it has not done so. Pallinghurst’s King III register explains how Pallinghurst has recently applied each principle of King III. The King III register was last updated on 15 March 2017.

Diversity Policy

When considering the balance of the Board or the nomination of new members or the appointment of senior executives, the range of skills, knowledge, experience and diversity of existing incumbents are taken into account, including gender. The Company seeks to promote diversity at Board level, including gender, although does not set targets for race, age, sexual orientation or gender when making appointments to the Board. The key factors considered are those which will result in the appointment of the best qualified individuals who can best serve the interests of all of the stakeholders of the Company. The Nomination Committee seeks to ensure that the Board has the right balance necessary to carry out its responsibilities in keeping with robust standards of governance.