The Group has complied throughout the financial year with all the best practices of corporate governance set out in Part 2 of the Code, except Best Practice AAVVII (Nomination of a Senior Independent Non-Executive Director). Given the current composition of the Board which reflects a strong independent element and the separation of the roles of the Chairman and the Chief Executive Officer, the Board does not consider it necessary at this juncture to nominate a Senior Independent Non-Executive Director.