Page 22 - Beeks Financial Cloud Group Annual Report 2021

20 Beeks Financial Cloud Group PLC For the year ended 30 June 2021

Strategic Report - Principal Risks and Uncertainties

Principal Risks

and Uncertainties

SECTION 172(1) STATEMENT Initiatives in extending benefits professionally, is embedded in
The Directors consider, both in kind for all employees and The Group’s culture and is led by
individually and collectively, that they greater candidate and employee example by the Directors. The need
have taken decisions in a manner engagement have moved the to act fairly between members
they consider, in good faith, would be Group forward during the year. of The Group: no single set of
STRATEGIC REPORT
most likely to promote the success stakeholders is prioritised over other
of The Group for the benefit of its c) The need to foster business stakeholders and all decisions are
shareholders, having regard to the relationships with suppliers, made trying to be equitable to
matters set out in s172(1)(a-f) of the customer and others; The Group all members.
Companies Act 2006. This is detailed regularly meets with key suppliers
in the Corporate Governance Report and customers to review operations The Board held twelve board
on pages 33 to 43 and below: and explore mutually beneficial meetings in the year to address and
future actions. meet its obligations under Section
a) The likely consequences of 172 of the Companies Act 2006.
any decision in the long-term: the d) The impact of The Group’s The following table covers the key
long-term success of The Group is operations on the community and decisions made during the year and
always a key factor when making the environment: the impact on both the stakeholder group(s) impacted
strategic decisions. the community and the environment by these decisions.
is factored in to The Group’s decision
b) The interests of The Group’s making process.
employees: our employees are the
main asset of The Group and their e) The Group’s reputation for high
wellbeing and development are at standards of business conduct:
the heart of strategy for success. integrity, both personally and