Formation Group PLC

Introduction

The Company’s shares are listed on the Alternative Investment Market (AIM) and as such there is no requirement to publish a detailed Corporate Governance statement. However, we take our Corporate Governance responsibilities very seriously. The statement set out below details our approach.

Board of Directors

The board consists of the Non-Executive Chairman, Interim Chief Executive Officer, Director of Wealth Management, Director of Property Management Services and two Non-Executive Directors.

John Lawrence MBE - Non-Executive Chairman
	John Lawrence was appointed Non Executive Chairman in August 2003. Previous to this he held a Non Executive Directorship on the Board, a position he has held since flotation. John formed JEL Energy Conservation Services in 1975, which was sold to Thorn EMI. Following this, he was Chairman & CEO of a number of Thorn EMI technology companies. Since 1993 he has been an investor and Non Executive Chairman/Director of both public and private companies. He is currently a Director of W.H. Ireland Group PLC.

John Lawrence MBE - Non-Executive Chairman

John Lawrence was appointed Non Executive Chairman in August
2003. Previous to this he held a Non Executive Directorship on the
Board, a position he has held since flotation. John formed JEL Energy
Conservation Services in 1975, which was sold to Thorn EMI. Following this, he was Chairman & CEO of a number of Thorn EMI technology companies. Since 1993 he has been an investor and Non Executive Chairman/Director of both public and private companies.
He is currently a Director of W.H. Ireland Group PLC.

Noel O'Carroll - Director of Property Management Services
	Noel joined the board in June 2007 following the acquisition of Columbia Design & Build (since renamed Formation Design & Build Ltd - "FD&B"). Noel is managing Director of FD&B having joined the business in 1996 as chief surveyor. He is a member of the Royal Institution of Chartered Surveyors and has a professional practice and contracting background, both in the UK and overseas, in civil engineering and general construction.

Noel O'Carroll - Director of Property Management Services

Noel joined the board in June 2007 following the acquisition of
Columbia Design & Build (since renamed Formation Design & Build
Ltd - "FD&B"). Noel is managing Director of FD&B having joined the business in 1996 as chief surveyor. He is a member of the Royal Institution of Chartered Surveyors and has a professional practice
and contracting background, both in the UK and overseas, in civil engineering and general construction.

Michael Kennedy - Non-Executive Director
	Michael Kennedy joined the board in January 2005. Michael is a senior partner at the law firm Herbert Reeves & Co and has represented football players for more than 20 years. As a solicitor, he also specialises in property law.

Patrick Kennedy - Non-Executive Director
	Patrick represents the interests of the Group’s largest shareholder the David Kennedy Family Trust. Patrick has a background in property development and adds significant strength to the board in this area, holding other directorships within the property sector.