The Board of Sports Global Group Plc recognises that sound corporate governance is fundamental to building a successful, sustainable and trusted public company.

SGG combines an entrepreneurial approach to growth with a commitment to appropriate financial discipline, accountability, transparency and Board oversight.

The governance framework will continue to develop as the Group increases in size, complexity and geographical reach.

JP Jenkins requires admitted companies to implement governance procedures appropriate to their size and structure, with suitable committees supporting Board decisions. 

The Board

The Board is collectively responsible for the long-term success of Sports Global Group Plc.

Its principal responsibilities include:

• determining Group strategy;
• approving major acquisitions and disposals;
• monitoring financial and operational performance;
• capital allocation;
• overseeing financial controls;
• risk management;
• corporate governance;
• oversight of executive management;
• approving material contracts and investments;
• ensuring appropriate legal and regulatory compliance; and
• protecting the interests of shareholders.

The Board meets regularly and receives financial, operational and strategic information sufficient to enable it to discharge its responsibilities.

Chairman

The Chairman is responsible for the effective operation of the Board and for ensuring that Directors are able to contribute appropriately to strategic discussion and decision-making.

The Chairman promotes appropriate standards of governance while supporting the entrepreneurial culture necessary to deliver the Group's growth strategy.

Executive Management

Executive management is responsible for the day-to-day operation of the Group and for implementing the strategy approved by the Board.

Management is accountable to the Board for commercial performance, operational delivery, financial control and the effective management of Group businesses.

Non-Executive Oversight

The Non-Executive Directors provide independent judgement, challenge and oversight.

Their role includes scrutinising management performance, contributing to Group strategy and supporting the Board in areas including financial oversight, risk, governance, acquisitions and capital allocation.

Board Committees

The Board will maintain committees appropriate to the scale and development of the Group.

These will include, as appropriate:

Audit & Risk

Responsible for oversight of financial reporting, internal control, external audit and material business risks.

Chair: Stephen Paterson

Members: Ian Russell, Chris Stephenson

Remuneration

Responsible for reviewing executive remuneration and ensuring that remuneration arrangements support the long-term interests of the Company and its shareholders.

Chair: Stephen Paterson

Members: Ian Russell

Nomination

Responsible for Board composition, succession planning and appointments to the Board and senior leadership.

Chair: Brian M. Smillie

Members: Chris Stephenson, Ian Russell

Risk Management

The Board is responsible for determining the nature and extent of the principal risks the Group is prepared to accept in pursuit of its strategic objectives.

Key risk areas considered by the Board include:

• customer and commercial concentration;
• supply chain;
• licensing and brand relationships;
• working capital;
• foreign exchange;
• acquisitions and integration;
• technology and cyber security;
• stock and inventory;
• regulatory and legal compliance;
• key personnel;
• international xpansion; and
• financial and liquidity risk.

The Group's risk framework will continue to develop as SGG grows.

Internal Control

The Board is responsible for maintaining an appropriate system of internal financial and operational control.

The purpose of these controls is to manage, rather than eliminate, business risk and to provide reasonable assurance regarding the integrity of financial reporting, safeguarding of assets and effective operation of the Group.

Shareholder Communication

SGG is committed to maintaining appropriate communication with shareholders.

The Company intends to provide shareholders with timely access to financial information, corporate announcements, shareholder documents and information concerning material developments affecting the Group.

JP Jenkins requires prompt disclosure of price-sensitive information and matters a reasonable investor would expect to know when assessing the Company's financial position, performance, prospects or shareholder rights. 

Governance Documents