Board of Directors

• Graham Dawber

  Non-executive Chairman, aged 59

  

  Graham joined Coopers & Lybrand in 1965, qualified as a Chartered Accountant in 1970 and was admitted to the partnership in 1980, following a two year secondment to the firm in Nigeria. He also worked with the firm in Switzerland, Belgium and Mexico. As a general practice partner he has significant experience in listed company flotations, acquisition and disposal assignments and his client portfolio included listed companies and other organisations demanding effective and comprehensive corporate governance arrangements. Graham retired from PricewaterhouseCoopers in 2005 and since then has been appointed a Governor of Manchester Metropolitan University and Chairman of its Audit Committee and Chairman of the Risk and Audit Committee of Her Majesty's Courts Service.

• Roger Butterworth BSc

  Chief Executive Officer, aged 39

  

  Roger invested into the eXpansys business and became CEO in August 2000. Before joining eXpansys he was the UK business manager of Clarity Technology Distribution Limited, a supplier to eXpansys and a division of Horizon Technology Group which floated on the Official List in 1999. During the four years that Roger was in charge, Clarity grew from start-up to a business with turnover of over £10 million. Prior to Clarity, Roger worked in sales and sales management for ICL. Roger holds a BSc in Marine Physics from the University of Wales.

• Cate Hulme BSc Hons ACA

  Finance Director, aged 34

  

  Cate joined eXpansys in October 2005 as CFO, from PricewaterhouseCoopers LLP, having qualified as a Chartered Accountant with Ernst & Young LLP in 1998. Throughout her career in finance she has specialised in fast growing entrepreneurial and AIM listed companies and has had a close working relationship with the Company since 2000. Cate holds a first class degree in Mathematics from the University of Manchester.

• Steve Muttram

  President, North American Operations, aged 43

  

  Steve joined the group via the acquisition of Portable Add-Ons Limited in September 2004 where he had been Managing Director since joining in 1999. He led a successful management buy out of the business in November 2000 and has over 22 years experience in the IT communications industry, having previously worked as the EMEA Sales Manager at Xircom Inc from 1995 - 1999, (bought by Intel in 2000) a manufacturer of PCMCIA connectivity cards. At Computer 2000 from 1989 -1995 he spent the last four years as a Business Manager of networking and communication products at a time when sales grew from £2 million to £15.5 million.

• Frederic Pont

  President, European Operations, aged 41

  

  Frederic accelerated the international expansion of eXpansys by creating eXpansys Southern Europe in November 2002 and translating the Group’s web-sites for non-English speaking jurisdictions. Before joining eXpansys he was Worldwide Engineering Controller at Palm and Montpellier Site Director. He actively participated in the Palm-Palmsource demerger. Previously he was CFO of Smartcode Technologie S.A.R.L. at the time of its sale to 3Com Inc (Palm’s parent company) in 1999. Frederic is a chartered accountant and has worked at both Deloitte and KPMG.

The Board and its Committees

The Board meets monthly and has a formal schedule of matters which are reserved for its decision. These include strategic planning, business acquisitions and disposals, authorisation of major capital expenditure and material contractual arrangements. It undertakes regular monitoring of financial results together with comparison of these against expectations. Other matters are delegated to the executive members of the board, supported by policies for reporting to the board. Board and Committee papers are circulated in advance of each meeting so that all directors are fully briefed and provided with the information they need. All directors may take independent professional advice in furtherance of their duties at the Company’s expense. The Board formulates, reviews and approves eXpansys’ strategy, budget and major items of expenditure, as well as considering employee issues, key appointments and reporting to shareholders. It undertakes regular monitoring of key performance indicators and financial results together with comparison of these against expectations. The Company has adopted a model code for dealings in its ordinary shares for directors and senior employees which is appropriate for an AIM quoted company.

Audit Committee

The Audit Committee, which is chaired by Graham Dawber, comprises the Non Executive Directors, with Executive Directors attending by invitation. The Board is satisfied that there is recent and relevant financial experience within the committee members. The Audit Committee expects to meet not less than twice annually. The Audit Committee is responsible for reviewing a wide range of financial matters including the half year and annual reports and financial statements before their submission to the Board, and monitoring the quality of internal financial controls and ensuring that the financial performance for the Group is properly measured and reported on. The Audit Committee advises the Board on the appointment of external advisors and on their remuneration both for audit and non-audit work, and discusses the nature and scope of the audit with the external auditors. It has unrestricted access to the Group’s auditors and ensures that auditor independence has not been compromised.

Remuneration Committee

The Remuneration Committee is chaired by Graham Dawber and consists of the Non Executive Directors, with the Chief Executive Officer attending by invitation. It is responsible for determining the contract terms, remuneration and other benefits for Executive Directors, including the performance related bonuses. The Remuneration Committee expects to meet not less than twice annually. The remuneration of the Non Executive Directors is reviewed by the Board.

eXpansys (XPS)

Share Price

5.1p

Change Today

0p

Currency

GBX

Closing Price Change

0p

Volume

20,000

Close Price

5.1p

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