Governance reform and progress
Having attained premium listed status on 4 June 2019, financial year 2020 was the first full year that the Watches of Switzerland Group PLC has been subject to the Corporate Governance Code 2018 (“the Code”). We continued our efforts to strengthen governance arrangements throughout the year to ensure compliance with the Code. Our collective resources were re-directed in the latter stages of the financial year towards ensuring the more immediate continuity of the Group as a result of COVID-19 with the least disruptive impact on all of our stakeholder groups.
All Directors and senior management are aware of their duties and responsibilities under the Companies Act 2006, the Code, the Disclosure and Transparency Rules and the Listing Rules. The Company has established procedures in place which provide a basis for the Board to make proper judgements on an ongoing basis as to the financial position and prospects of the Group.
