The governance of the Board and the Group is supported via a number of key documents.
Further related policies, documents, disclosures and reports are provided for reference.
The Board has a formal schedule of matters specifically reserved for its decision-making and approval. These include responsibility for the overall management and performance of the Group and the approval of its long-term objectives, commercial strategy, annual and half-year results, annual forecasts, material acquisitions and disposals, material contracts, major capital commitments, going concern and long-term viability statements, and key policies.
Crest Nicholson is required by the Companies Act 2006 (the Act) and the Companies (Miscellaneous Reporting) Regulations 2018 to prepare a statement each financial year explaining how its Board has complied with the duties under s.172(1)(a)-(f) of the Act. The statement explains how the Board has discharged its duty to promote the success of the Company, whilst having regards for the matters set out under s.172 of the Act.
Crest Nicholson Holdings plc has prepared a s.172 statement for the year ended 31 October 2024 which can be found on pages 15 to 18 of the Annual Report and Accounts.
There are two subsidiaries in the Crest Nicholson Group that are also required to prepare this statement, Crest Nicholson plc and Crest Nicholson Operations Limited.
