Independent non-executive appointed to the Board

The Board of The Assay Foundation has appointed an independent non-executive director. The appointee has held senior audit and risk roles in regulated financial services and sits without any commercial interest in the work the Foundation certifies.

The appointment is made under the Articles of Association, which weight the Board so that no single commercial interest holds a majority, and which reserve a defined number of seats for independent and public-interest representatives. The Board records and manages conflicts of interest under a standing regime; a director with an interest in a matter does not vote on it.

The Foundation publishes changes to its Board as Notices, in the ordinary way, so that its governance is legible to the procurement and audit functions that rely on the mark. The full composition of the Board is set out on the governance pages.