Corporate Governance

The Directors of Worldsec recognise the importance of sound corporate governance. As a closed-ended investment company listed on the Main Market of the London Stock Exchange, the Company is subject to the principles of the UK Corporate Governance Code published by the Financial Reporting Council. The Company complies with the relevant provisions of the Code, subject to any departures as set out and explained in its annual report.  

The Board, with a non-executive chairman and over half of its members being non-executive directors, is committed to maintaining a high standard of corporate governance. All non-executive directors are considered by the Board to be independent of management and free from any business or other relationship which could materially interfere with the exercise of their independent judgement. All directors are able to take independent professional advice in furtherance of their duties, if necessary.