Board composition
Age
30 – 39: 1
40 – 49: 0
50 – 59: 4
60 – 69: 6
70 – 79: 1
Nationality
British: 5
Finnish: 1
Indian: 5
Nigerian: 1
Gender ratio – overall
Male: 75%
Female: 25%
Gender ratio – independent directors
Male: 50%
Female: 50%
Ethnicity
Asian British/Indian: 58%
Black African: 17%
White: 25%
Board tenure
0 – 2 years: 25%
3 – 4 years 17%
5 – 7 years: 58%
Skills to support long-term success
NED Board skills
Other listed Board experience
UK-listed board experience
Regulation
Human resources and culture
Customer experience
International finance/Capital markets/M&A
Finance/Audit/Accounting
Risk management
Strategy
Digital/Fintech/Consumer electronics
Telecoms
Core competency
Secondary competency
Tertiary/Not an apparent competency
Planned director changes
9 July 2025 at the AGM
Jaideep Paul steps down as CFO
Kamal Dua joins the Board as CFO
Akhil Gupta steps down as a non-executive director
1 April 2025
Cynthia Gordon joined as an independent non-executive director
Compliance with the UK Corporate Governance Code
The Board continues to assess its approach to corporate governance by applying the Financial Reporting Council’s UK Corporate Governance Code (the Code). In January 2024, the Financial Reporting Council (FRC) published a revised version of the UK Corporate Governance Code and updated guidance in support. The changes apply to financial years beginning on or after 1 January 2025, with the exception of Provision 29 on internal controls, which take effect for accounting periods starting on or after 1 January 2026. We’re reporting against the 2018 Code for the year ended 31 March 2025.
The Board confirms compliance against all 2018 Code provisions except for one: the independence of the chair on appointment (Provision 9). Read more on our assessment of the chair’s non-independence. We continue to apply the Code’s principles and uphold the spirit of the Code through the work of our Board and its committees.