Directors and Responsibilities

Oak Holdings plc Board of Directors:

Peter Collins
Michael Conroy Woodcock
Christopher John Yates MA, ACA - Finance Director

Peter Collins - Non-Executive Director

Worked on corporate insurance programmes for blue chip organisations including IBM, Michelin Tyre and Hays plc. Handled the insurance and risk management requirements of Hays plc for 20 years while developing external business. Peter has worked on project policies including those for London Bridge City and Castle Mall Norwich.

Acts as a Non-Executive Director, with particular interest in insurance matters, member of Audit and Remuneration Committee.

Michael Conroy Woodcock - Executive Chairman

Mike has extensive experience in the Leisure and hospitality industry, founding and operation a New Forest based Museum, restaurant and the world’s foremost Hispano Suiza Restoration and Continuation business.
Mike has had significant experience owning operating and managing multi million corporations both public and private

Christopher John Yates MA, ACA - Finance Director

Chris has worked in corporate finance for over 25 years, initially at Credit Lyonnais Securities and, latterly, with Corporate Finance Partners Limited

Details of Committees of the Board of Directors and their Responsibilities:

The Board meets on a formal basis usually once per month. At those meetings a detailed report from the Finance Director is presented and discussed. The Board considers risk and strategy at each meeting.

An Audit Committee is established and comprises Mike Woodcock and Peter Collins (Chairman). The Committee meets with the auditors, considers the results and the audit process, and satisfies itself as to the auditor’s independence.

The Company has a Remuneration Committee, which comprises Peter Collins and Michael Woodcock as Chair, but the Board presently sees no value to the shareholders by the inclusion of a formal report of the Remuneration Committee in its annual Report and Accounts.

Statement Of Directors' Responsibilities:

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that year. In preparing those financial statements, the directors are required to:
Select suitable accounting policies and then apply them consistently;

• Make judgments and estimates that are reasonable and prudent;
• State whether any applicable accounting standards have been followed subject to any departures disclosed and explained in the financial statements;
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company and the Group will continue in business.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 1985 and 2006. They are also responsible for safeguarding the assets of the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
All Directors have service contracts, none of which has a duration of longer than 12 months.