The corporate governance framework, which Thalassa Holdings Ltd (“Thalassa”, the “Group” or the “Company”) has set out, including board leadership and effectiveness, remuneration and internal control, is based upon practices which the board of directors of Thalassa (the “Board’ or the “Directors”) believes are proportionate to the risks inherent to the size and complexity of Thalassa’s operations.
The Board considers it appropriate to adopt the principles of the Quoted Companies Alliance Corporate Governance Code (“the QCA Code”) published in April 2018. The extent of compliance with the ten principles that comprise the QCA Code, together with an explanation of any areas of non-compliance, and any steps taken or intended to move towards full compliance, are set out below: