Murray Steele said:
“At every stage this has been an open, democratic and transparent process and we have made every effort to consult thoroughly with members via all the available channels. We had to get this right and when the proposed changes to LINX’s Memorandum & Articles of Association were put to the vote in November 2017 they were formally approved.”
According to the UK Governance Code: “A good Board has effective representation of the executive body” and the new structure does just that. In addition, the inclusion of internal senior staff on the Board provides for future succession planning and helps with the development of potential future leadership.
“The addition of these three new executive Board positions creates a forum for more engagement between LINX and its non-executive directors. They will also provide a functional perspective of the management team who oversee the day-to-day running of the exchange.”
“The procedures now in place fit well with good governance practices and helps us best represent what the membership expects of us. I am confident that we now have a structure in place which reflects the needs of LINX not only in 2018 but also well into the future.”
The Executive Board appointments came into effect on Friday 18th May 2018, and were first announced to members at LINX101 member conference at the Park Plaza Victoria in London on Monday 21st May 2018.