We are acutely aware of the importance of operating in a way that is both lawful and ethical, with appropriate governance underpinning everything that we do. We have robust measures in place to ensure we hold ourselves to account in all areas.
Good governance underpins everything we do as a business, from the way we manage risk to the way we engage with our colleagues. We are committed to having a robust governance framework in place and have adopted the Wates Corporate Governance Principles for Large Private Companies, as well as operating several formal committees with delegated authority from the Operating Board.
Financial reporting and control processes are essential for our business. We comply with all statutory requirements, as well as the enhanced financial controls required by the US Sarbanes Oxley Act 2002, as a requirement of our shareholder.
We take our responsibilities as a business extremely seriously and we have a comprehensive set of controls and policies in place to ensure we adhere to all of our compliance obligations. These controls and policies help our business to continue running efficiently, meeting the goals set for us by the Board and ensuring we are operating within the relevant legal and regulatory framework.