The Board of iAM Capital Group plc consists of professionals with over 150 years of combined experience in the financial and alternative investments sector, including investment banking, real estate, renewable energy and funds of hedge funds.
The Board has one executive and four non-executive members, and it is responsible for the proper management of the Group and for its system of corporate governance.
The Board's responsibilities include the following:
Overall strategy of the Group
Investment, disinvestment and acquisition policy undertaken by the Group
Approval of the annual budget and significant items of expenditure
Consideration of significant financing matters pertaining to the Group
Compliance with applicable laws and regulation
The remuneration of Directors is determined on behalf of the Board by the Remuneration Committee. The aim of the remuneration policy is to provide, in the context of the Group’s business strategy, remuneration which will attract and retain high calibre executives and staff. In order to achieve this, total rewards are set at levels that are competitive within the relevant market. Potential rewards are earned through the achievement of objectives based on measures consistent with shareholders’ interests. The terms of reference of the Remuneration Committee include (but are not limited to) the following:
HR and Personnel Aspects
iAM Capital Group plc and its subsidiary operate a policy of equal opportunities in recruitment, promotion and training for all their employees. The Group believes that all individuals should be treated fairly, with respect and that they are appropriately valued for their contribution to the organisation.
Internal Financial Control
The Board recognises its responsibility for the Company’s system of internal control. In accepting that no system of internal control can provide absolute assurance against material loss or mis-statement, the current system of control is designed to manage risks which are inherent in the Group’s business. The Board confirms that there is an ongoing process for identifying, evaluating and managing the significant risks faced by the Group.
The Audit Committee is responsible for the review of the Group’s system of internal financial control for the financial year and the period up to the date of approval of the financial statements. The committee is responsible for the following:
The Board has reviewed the operation and effectiveness of the Group’s system of internal financial control for the financial year and the period up to the date of approval of the financial statements.
International Financial Reporting Standards (“IFRS”)
Given that iAM Capital (previously known as Integrated Asset Management) was once AIM listed, it has reported its results according to IFRS since 2007.
The respective boards of Directors of iAM Capital and iAM Invest are responsible for the ongoing reviews of the risk management policies. Our policies ensure adherence to the investment mandate and risk profile of each individual fund we manage. In addition, we strive to ensure compliance with legal requirements and industry standards in the jurisdictions and sectors in which we operate.
Directors and Officers Insurance
The Group holds an annual Professional Indemnity and Directors and Officers insurance policy to protect the Group and its principals/employees, for claims made against it arising out of wrongful acts as defined in the policy. The policy is periodically reviewed and updated in accordance with new lines of business, legal requirements, and prevailing industry standards. All Directors and Officers within the Group are covered by this policy.