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Governance at a Glance
Governance at a glance
Focus areas for 2023/2024 /Earnings growth and scale / Board composition and succession
Compliance with the UK Corporate Governance Code 2018 (the Code) The Company complied with the relevant provisions set out in the 2018 version of the Code, which applied throughout the financial year ended 31 March 2024. The Code is available on the FRC’s website: www.frc.org.uk. Further detail on how the Code principles have been applied can be found on the pages noted in the table below. Board Leadership and Company Purpose 78–79 Effective Board 86 94 Governance framework 90–93 Stakeholder engagement 72–73 Workforce Policies and practices Division of Responsibilities 94 Board leadership and roles 95 Division of responsibilities 87, 99 Conflicts of interest and external appointments 88–89 Key activities of the Board Composition, Succession, Evaluation 99–100 Board appointments 81–83 Board skills and experience 100–102 Board evaluation Audit. Risk and Internal Control 105–106 Financial reporting and review of the 2024 Annual Report 105–106 External and internal auditor effectiveness 105–106 Risk management and Internal controls framework Remuneration 110–112 Remuneration aligned to purpose, values and strategy Purpose, values and strategy 116–119 Directors’ Remuneration Policy 120–125 Remuneration outcomes in 2024
/ New Remuneration Policy / Internalisation of company secretarial function Key priorities for 2024/2025 / Board succession / Shareholder total return
Director changes / Andrew Dewhirst, stepped down from the Board on 31 March 2024 / Saira Johnston, appointed to the Board on 1 April 2024 / Maria Bentley, stepping down from the Board in Summer 2024
Picton Property Income Limited / Annual Report 2024 80
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