CORPORATE GOVERNANCE

The Directors of Kingswood Holdings Limited recognise the importance of sound corporate governance and have chosen to apply the Quoted Companies Alliance Corporate Governance Code (“the QCA Code”).

The Directors of Kingswood Holdings Limited recognise the importance of sound corporate governance and have chosen to apply the Quoted Companies Alliance Corporate Governance Code (“the QCA Code”). The QCA Code takes key elements of good governance and applies them in a manner that is workable for the different needs of growing companies and was developed by the Quoted Companies Alliance as an alternative corporate governance code applicable to AIM companies.

Jonathan Freeman, in his capacity as non-executive director, has assumed responsibility for ensuring that the group has appropriate corporate governance standards in place and that these requirements are followed and applied within the group as a whole. The QCA Code corporate governance arrangements that the Board has adopted are designed to ensure that the group delivers long term value to its shareholders and that shareholders have the opportunity to express their views and expectations for the group in a manner that encourages open dialogue with the Kingswood Holdings Limited Board.

The Directors have structured the relationship between the Board of the Group holding company, Kingswood Holdings Limited and the individual ‘Subsidiary Boards’ which represent KW Investment Management Limited and KW Wealth Planning Limited, the operational companies regulated by the FCA, and KW Wealth Group Limited which is the holding company for the Group’s US investments.

Kingswood Holdings Limited’s Board has the responsibility to set strategy for the Group and to monitor the performance of its operating subsidiaries. The Subsidiary Boards have the responsibility to oversee, govern and direct the operations of the subsidiary entities in line with relevant rules and regulations and overall Group strategy.

The respective Boards have established various committees, each of which has written terms of reference. The principal committees are as follows:

Audit and Risk Committee: Escalating to the Board, the Audit and Risk Committee has oversight of the current and anticipated risk exposure, both financial and non-financial, of the form.  The Committee benefits from the independent experience of David Hudd, Jane Millar and Jonathan Freeman, who chairs the committee.

Nomination and Remuneration Committee: The Committee shall determine and agree with the board the framework or broad policy for the remuneration of the chairman of the Company and the executive directors including pension rights and compensation payments. It also recommends and monitors the level and structure of remuneration for senior management. Members consist of Gemma Godfrey, Duncan Gerard and David Hudd with Jonathan Freeman who chairs the committee.

The QCA Code is constructed around ten principles and a set of disclosures and for Kingswood Holdings Limited, these are set out below. This statement was last reviewed on 7th Nov 2024.

David Hudd - Chairman