2016 Annual Report and Notice of AGM

Click here to download the Bango Annual Report 2016, click here for the Notice of Annual General Meeting (AGM), here for the associated form of proxy and here for the explanatory notes.

Click here to order a printed copy of the Bango 2016 Annual Report.

The Bango AGM will be held at 2pm on Wednesday 24 May 2017 at the offices of Bango, 5 Westbrook Centre, Cambridge, CB4 1YG.

NOTE:
Whenever a Director is proposed for re-election, the Bango board carefully considers a) the continuing value that Director brings to the board, b) their participation during the previous period serving on the board, c) for NEDs, the risk that a non-executive board member could lose their independence from the executive team having been a Director for a previous period – the so-called “Going native” problem.

Martin Rigby has been a Director of Bango PLC for 11 years. This is just over 9 years, the point after which a NED is thought, by some, to potentially exhibit impaired independence. A review of Martin’s contributions over the last year by two recently appointed Director’s indicated no signs of lack of independence. The basis for retaining Martin as a Director for a further two years is that he has extensive knowledge of the digital content market from an independent, “outsider” perspective, deep expertise in corporate governance, and a knowledge of the competitive landscape gained outside Bango that is very difficult to find elsewhere. The board therefore considers that a) Martin remains independent and b) in addition to this test of independence, his role as an independent Director would be valid because of the industry and governance values he brings to the board and stakeholders.

This entry was posted in Announcements, Financial. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s