Corporate Governance

Governance

Volex plc (the “Company”) is committed to maintaining the highest standards of corporate governance throughout its operations and to ensuring that all of its practices are conducted transparently, ethically and efficiently. The Company believes that scrutinising all aspects of its business and reflecting, analysing and improving its procedures will result in the continued success of the Company and improve shareholder value. The Company has chosen to formalise its governance policies by complying with the UK Corporate Governance Code.

Accordingly, the Company has established specific committees and implemented certain policies, to ensure that:

It is led by an effective Board which is collectively responsible for the long-term success of the Company; the Board and the committees have the appropriate balance of skills, experience, independence and knowledge of the Company to enable them to discharge their respective duties and responsibilities effectively; the Board establishes a formal and transparent arrangement for considering how it applies the corporate reporting, risk management and internal control principles and for maintaining an appropriate relationship with the Company’s auditors; and there is a dialogue with shareholders based on the mutual understanding of objectives.