Laird PLC is a public company listed on the London Stock Exchange with businesses primarily located overseas. These businesses are organised as subsidiary companies where management are appointed to manage within the framework established by the Laird Board, as well as complying with local statutory and regulatory requirements.

The following systems of internal control are designed to manage rather than eliminate the risk of failure to achieve business objectives as well as safeguarding Laird's assets:

  • An ongoing process for identifying, evaluating and managing the significant risks faced by Laird which complies with the Corporate Governance Code and follows the FRC’s Guidance on Risk Management, Internal Control and Related Financial and Business Reporting which is regularly reviewed by the Board.
  • Operating rules issued each year to the managers of subsidiaries setting out their responsibilities and delegated authorities.
  • Annual submission by subsidiaries of their budgets to Laird's executive directors and the identification of the key risk and control issues their businesses face and set the strategies they will employ to manage them.