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 some exceptions, with the UK’s Quoted Companies Alliance Corporate Governance Guidelines for Small and Mid-Size Quoted Companies (the “QCA 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.
In addition, the Company has adopted policies in relation to:
- anti-corruption and bribery;
- whistleblowing (Speak Up);
- health and safety;
- human rights;
- environment;
- water; and
- IT, communications and systems, so that all aspects of the Company are run in a robust and responsible way.
Links to pdfs of codes and policies:
Table of QCA Corporate Governance Principles:
| Principle | Disclosure |
|---|---|
| Establish a strategy and business model which promotes long-term value for shareholders. | See the Strategic Report set out on pages 18 to 61 of the Annual Report for the year ended 31 March 2025. |
| Seek to understand and meet shareholder needs and expectations. | See the ‘Stakeholder Engagement’ section of this Corporate Governance page, as well as the Section 172 Statement section on page 94 to 95 of the Annual Report for the year ended 31 March 2025. |
| Take into account wider stakeholder and social responsibilities and their implications for long term success. | See the ‘Shareholder and Stakeholder Engagement’ and ‘Promoting Ethical Values and Behaviours' sections of this Corporate Governance page, as well as the Stakeholder Engagement section and Section 172 Statement on pages 92 to 95 of the Annual Report for the year ended 31 March 2025. |
| Embed effective risk management, considering both opportunities and threats, throughout the organisation. | See pages 54 to 61 of the Annual Report for the year ended 31 March 2025. |
| Maintain the board as a well-functioning, balanced team led by the chair. | See this Corporate Governance page and pages 98 to 107 and 110 to 111 of the Annual Report for the year ended 31 March 2025. |
| Ensure that between them the directors have the necessary up-to-date experience, skills and capabilities. | See this Corporate Governance page and pages 98 to 107 and 110 to 111 of the Annual Report for the year ended 31 March 2025. |
| Evaluate all elements of board performance based on clear and relevant objectives, seeking continuous improvement. | See the ‘Evaluating Board Performance’ section of this Corporate Governance page. Also see pages 106 and 110 to 111 of the Annual Report for the year ended 31 March 2025. |
| Promote a corporate culture that is based on sound ethical values and behaviours. | See the ‘Promoting Ethical Values and Behaviours’ section of this Corporate Governance page. Also see pages 62 to 91 of the Annual Report for the year ended 31 March 2025. |
| Maintain governance structures and processes that are fit for purpose and support good decision making by the board. | See this Corporate Governance page and pages 102 to 107 of the Annual Report for the year ended 31 March 2025. |
| Communicate how the company is governed by maintaining a dialogue with shareholders and other relevant stakeholders. | See the ‘Shareholder and Stakeholder Engagement’ section of this Corporate Governance page and pages 92 to 107 of the Annual Report for the year ended 31 March 2025. |
Date on which this information was last reviewed: 18 November 2025