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.

David Kennedy – Acting Chairman and CEO
	Graduate of UCL in BSc Town and Country Planning (Hons), progressed immediately to property investment with Columbia Group overseeing and developing its pan-Europe portfolio from its head-quarters in Jersey. David joined Formation Group PLC in February 2010 as CEO with the aim of refocusing the companies activities from media to 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.

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.

Desmond Khan – F.C.C.A. - Finance Director& Company Secretary
	A Fellow of the Association of Certified Chartered Accountants with vast previous experience operating within various sectors of the construction Industry. Joined the business as Financial Controller in 1997, progressing to position of Finance Director of Formation Design & Build Limited in 2000 and Formation Architectural Design Limited in 2007. Responsible for the finance function of both companies prior to his apointment as Group Finance Director & Company Secretary In January 2010.

Desmond Khan – F.C.C.A. - Finance Director& Company Secretary

A Fellow of the Association of Certified Chartered Accountants with vast previous experience operating within various sectors of the construction Industry. Joined the business as Financial Controller in 1997, progressing to position of Finance Director of Formation Design & Build Limited in 2000 and Formation Architectural Design Limited in 2007. Responsible for the finance function of both companies prior to his apointment as Group Finance Director & Company Secretary In January 2010.

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.