Governance Statement

Informa’s Board is accountable to the Group’s shareholders for its standards of governance and is committed to the principles of corporate governance contained in the Financial Reporting Council (FRC) Corporate Governance Code.

During 2024 the Board applied the principles of the 2018 UK Corporate Governance Code (Code) which can be found on the website of the Financial Reporting Council (FRC) (frc.org.uk). The updated Code, published in January 2024, will apply to financial years beginning on or after 1 January 2025.

Throughout the year we complied with all the provisions of the Code other than provision 21 which relates to the annual evaluation of the Board, its Committees and individual Directors and, for a time, provision 24 which relates to membership of the Audit Committee.

Given changes to the Board during the year, the Board unanimously decided that the most appropriate time to conduct the next external review would be in 2025. Details of the 2024 internal evaluation are described on page 91 of the Annual Report.

For three weeks in late June and early July 2024, the period following David Flaschen’s retirement and before Maria Kyriacou’s appointment, membership of the Audit Committee fell below the minimum set out in the Code, being three independent Non-Executive Directors.  No Audit Committee meetings were held during this time.

The Audit Committee has been provided with suitable supporting material to review the Annual Report and, in accordance with the 2018 Code, has provided assurances for the Board to confirm that the Annual Report, taken as a whole, is fair, balanced and understandable. The Board also confirms that the Annual Report contains sufficient information for Shareholders to assess the Company’s position, performance, business model and strategy.

The schedule that sets out the matters which must be considered or approved by the Board of Informa PLC or delegated by it to one of its Committees can be found in the Matters Reserved for the Board (pdf).