Intelligent Energy is a public limited company that is privately held. The Board of Directors of the company constantly monitor market conditions in order to consider business options with respect to how the company is financed. One such option is to seek listing on a recognised stock exchange, such as the Alternative Investment Market in London, or elsewhere.

The Board of Directors have decided that the company shall be governed in accordance with the standards, principles and practises of an equivalent company that is listed on a recognised exchange. In the United Kingdom, the compliance aspects of governance are set out in the Combined Code and whilst these measures are compulsory for quoted companies they also provide a best practice framework for others.

Strong corporate governance is characterised by greater integration of corporate strategy and management actions, a focussed approach to risk management and reporting, a greater sense of corporate ethics and improved relationships with investors and other stakeholders. It is about embedding checks and controls within the organisation to improve overall performance and value and to help mitigate future risk of corporate failure.

The Companies Act 2006 requires publication of a business review incorporating appropriate key performance indicators. Good governance requires a balanced and effective board, a strong, risk focussed control environment and policies which embed ethics and compliance within the organisation. At Intelligent-Energy, we have endeavoured to embed best practice corporate governance reporting, narrative reporting including business reviews and key performance indicators, integrated reporting and risk management frameworks and corporate social responsibility reporting.