Governance
We lead by example. Ardmore is known for its transparent governance, dynamic capital strategy, and a fully aligned board and management team. Every decision is guided by our core values—professionalism, integrity, and respect—ensuring we act deliberately and decisively in the best interests of all stakeholders.
LEADERS IN GOVERNANCE
Our Board of Directors
In 2024, Ardmore expanded its Board of Directors from six to seven members, strengthening its leadership and governance framework. With five independent Directors, the Board maintains a strong foundation of diversity and impartial oversight, supporting balanced and effective decision-making.
The Board plays a critical role in shaping strategy, managing risk, and upholding ethical standards. It benefits from the executive team’s insights while ensuring independent oversight. Detailed biographies of all members are available in our Annual Report.
To bolster the effectiveness of the Board of Directors, Ardmore has established several key committees. These include:
Nominating, Corporate Governance, And Compliance (NCG) Committee
The NCG Committee plays a pivotal role in maintaining a Board composition and governance framework that aligns with industry best practices and regulatory standards. The Committee is committed to ensuring effective and transparent governance that takes account of shareholder interests.
Sustainability Committee
The Sustainability Committee drives the company’s commitment to environmental and social responsibility as embedded in its charter. It oversees initiatives that address key environmental and social challenges, aligning with industry best practices and long-term goals of Ardmore.
Audit Committee
The Audit Committee is central to ensuring the integrity and transparency of the Company’s financial reporting and internal control systems.
Talent and Compensation Committee
The Talent and Compensation Committee oversees strategies related to talent development, succession planning, and executive compensation. The Talent and Compensation Committee recommends the Board on executive and Board member compensation, ensuring competitive and performance-driven remuneration practices.
Each committee is empowered with specific mandates and responsibilities, designed to support the Board’s oversight and strategic decision-making capabilities, reflecting our commitment to robust governance and sustainable growth.
Nominating & Corporate Governance (NCG) Committee
The NCG Committee is responsible for identifying and nominating qualified candidates for Board positions, overseeing Board self-evaluations to ensure optimal performance, and developing corporate governance guidelines. It also monitors emerging governance trends and recommends improvements to strengthen accountability, ethical standards, and decision-making. Through these efforts, the Committee ensures the Board remains effective, compliant, and focused on sustainable growth.
Chair: Curtis McWilliams
Member: Mats Berglund
Member: James Fok
Sustainability Committee
The Sustainability Committee is responsible for integrating sustainability into the company’s operations by developing and overseeing the implementation of its strategy. It ensures alignment with global standards and regulatory requirements, and advises the Board on environmental and social matters that significantly impact stakeholders. In collaboration with management, the Committee addresses sustainability-related risks and opportunities, driving innovation, enhancing operational efficiency, and delivering long-term value while upholding environmental and social responsibility.
Chair: Kirsi Tikka
Member: Helen Tveitan de Jong
Member: Mats Berglund
Audit Committee
The Audit Committee is responsible for overseeing the integrity of financial statements, ensuring compliance with regulations, and maintaining the independence and effectiveness of auditors.
It reviews internal controls, monitors risk management frameworks, and facilitates communication between the Board and auditors to uphold transparency and financial accountability. By evaluating internal controls and risk processes, the Committee provides assurance on their effectiveness and strengthens oversight of the company’s financial stewardship.
Chair: Helen Tveitan de Jong
Member: Curtis McWilliams
Member: James Fok
Talent & Compensation Committee
The Talent and Compensation Committee is responsible for attracting and retaining top talent aligned with the company’s strategic direction, approving executive compensation that links rewards to performance and shareholder value, and promoting diversity, inclusion, and employee development. It also oversees performance evaluations and talent management strategies to ensure the workforce supports the company’s long-term goals and growth vision.
Chair: Mats Berglund
Member: Curtis McWilliams
Member: Kirsi Tikka
Cybersecurity remains crucial in safeguarding our business.
Ardmore continues to strengthen measures to identify, mitigate, and counter cyber threats while updating disaster recovery and business continuity plan for both land-based and vessel-based operations.
Ardmore upholds a robust data privacy and cybersecurity program. We actively conduct stress tests on our information security and technology systems. There were no material data privacy breaches or cybersecurity incidents in 2024. Further details on Ardmore’s cybersecurity framework can be found in the 20-F filing.