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 currently comprises the Non Executive Chairman, the Chief Executive, the Finance Director, the Director of Wealth Management, the Director of Property Management Services, the Director of Talent Managment and two other Non Executive Directors. The three Non-Executive Directors are considered by the Board to be independent of management and free from any business relationship that could materially interfere with the exercise of their independent judgement. Brief biographical details of the Directors appear below.

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.

Neil Rodford - Chief Executive Officer
	Neil Rodford is the former Managing Director of Fulham Football Club and Harrods Holdings. Neil is an expert in change management, strategy and negotiation, skills he leveraged to make him the youngest General Manager in WH Smiths history. Having graduated from both the WH Smith and Marks & Spencer Management Training Programmes, Neil's experience is proving a huge asset to the Group.

Mark Page - Finance Director
	Mark Page joined the board in 2002 in his capacity as Finance Director. A chartered accountant, Mark began his career at Critchleys (Oxford) before qualifying as a chartered accountant for Coopers & Lybrand. In 1991, Mark moved to the Big Food Group PLC progressing from Internal Audit Manager to Group Financial Accountant.

Ian Battersby - Director of Wealth Management
	Ian Battersby has been involved at a senior level with the Wealth Management Division since 2000 and has been Business Development Director since 2003. Prior to joining Kingsbridge, Ian was Regional Commercial Director for Lloyds TSB Group and has held senior positions with Hill Samuel and National Westminster Bank 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.

Peter Powell - Director of Talent Management
	Peter Powell first started broadcasting on BBC Radio Birmingham at the age of 18. He joined Radio One in 1977 and was the youngest DJ on the network; leaving in 1988 to focus on the talent management company, James Grant Management, that he set up with Russ Lindsay in 1984. Peter’s strengths lie in Media Strategy and Relationship Management; he brings 30 years of experience and contacts from the ever growing media business sector.

Peter Powell - Director of Talent Management

Peter Powell first started broadcasting on BBC Radio Birmingham at the age of 18. He joined Radio One in 1977 and was the youngest DJ on the network; leaving in 1988 to focus on the talent management company, James Grant Management, that he set up with Russ Lindsay in 1984. Peter’s strengths lie in Media Strategy and Relationship Management; he brings 30 years of experience and contacts from the ever growing media business sector.

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.

Mike Wallwork - Communications Director & Company Secretary
	Mike began his career in 1986 with Royal & SunAlliance. Having undertaken various marketing roles he became Head of UK Media Relations in 1999. Mike left R&SA in 2002 to join Felix Group PLC as Communications Director. His role encompassed that of Company Secretary in August 2004. He left Felix in June 2007 to join Formation as both Communications Director and Company Secretary, a function he perfoms for a number of the Group's subsidiaries.

Mike Wallwork - Communications Director & Company Secretary

Mike began his career in 1986 with Royal & SunAlliance. Having undertaken various marketing roles he became Head of UK Media Relations in 1999. Mike left R&SA in 2002 to join Felix Group PLC as Communications Director. His role encompassed that of Company Secretary in August 2004. He left Felix in June 2007 to join Formation as both Communications Director and Company Secretary, a function he perfoms for a number of the Group's subsidiaries.

Alec Craig - Non-Executive Director
	Alexander Craig was appointed as a Non Executive Director of the Group in September 2003. Alec is a senior partner of Halliwells solicitors and is also Non-Executive Chairman of Tepnel Life Sciences PLC and a Non Executive Director of Aberdeen Growth Opportunities VCT PLC. He also has considerable AIM experience with previous directorships at Zi Medical PLC and Biolife Capital PLC.