Brady is committed to high standards of corporate governance and the Board is accountable to the Company’s shareholders for good corporate governance.
The Board meets formally not less than five times a year, reviewing trading performance, ensuring adequate funding, setting and monitoring strategy, and reviewing regular reports to shareholders.
BOARD OF DIRECTORS
Paul Fullagar
Non-Executive Chairman
Paul joined the Board in July 2007 as Non-Executive Chairman. Having worked in the software sector for 22 years, Paul brings considerable experience and a successful track record of overseeing substantial growth in publicly quoted software businesses. Paul was also Chairman of Financial Objects plc, until successfully sold to Temenos in 2008 and was previously Chairman of Staffware plc for 12 years, during which time he led the company through a period of substantial growth and to its subsequent successful flotation. Paul is a Chartered Management Accountant.
Gavin Lavelle
Chief Executive Officer
Gavin joined Brady in September 2007, with over 25 years experience in the international financial software and banking industry. Having worked in investment banking for 10 years with Banque Paribas as Head of Equity Derivative Trading and latterly Director of Deutsche Bank where his responsibility was Global Head of Equity Derivative Trading, Gavin founded RioFin, a Cambridge based software development company focused on capital markets trading. Following RioFin’s acquisition in 2000 by SunGard he continued as Chief Executive Officer of Panorama, a leading risk management solution, before heading the take-over of Sherwood Systems, a leading insurance company, where he also had the role of Chief Executive Officer. Gavin holds a BSc in Maths and Computer Science from Southampton University.
Dr Robert Brady
Non-Executive Director
Robert’s commercial career began in 1985 when he founded Brady plc to create sophisticated software solutions for banks and large mining operations
to manage their transactions and risks. He led the company, as CEO, to an AIM market listing in London in 1984. Currently treasurer of Cambridge
Angels investment group, Robert is an active mentor and advisor for growth companies, specialising in the software area and is currently a non-executive
director of Inkski Limited and Hycagen Limited.
Previously Robert was a Fellow at Trinity College, Cambridge University in the UK where his responsibilities included teaching in physics.
His published research includes work on computer learning and optimisation.
Pat Brazel
Non-Executive Director
Pat joined the Board in January 2008 and brings over 25 years of experience working in the international financial software industry. Pat is also currently Chairman of GoldTier Technologies. Prior to joining GoldTier he was CEO of Eontec, the market leader in multi-channel retail banking solutions prior to its acquisition by Siebel Systems in 2004. He was a founder and chairman of Sentry Financial Systems, the pre-eminent provider of collateral management software, prior to its acquisition in 2002 by Algorithmics Inc. As president of SunGard Capital Markets, Pat led the company to become the dominant player in the derivatives trading and risk management systems market. He holds a Masters in Management Science from Trinity College, Dublin and is a trustee of the Dublin City University Educational Trust.
Brian Collins
Executive Director
A co-founder of Colplan Systems Limited in 1987, Brian has 20 years experience designing, developing, implementing & consulting on derivatives pricing and risk management software in a wide range of Commodity asset classes, but especially the base metals market. Brian became Managing Director of Colplan in 2001 and was appointed to the Board of Brady plc upon the acquisition of Colplan in June 2004.
Peter Harverson
Non-Executive Director
Peter has held a number of senior international sales and marketing roles in the IT industry. These included Regional Director, Intel Corporation
and Vice President Europe, Cadence Design Systems. In 1995 he Joined Sun Microsystems where he was responsible for the development of the company’s
European Corporate Accounts programme. More latterly he became Director of Services Sales -EMEA with the charter to develop new areas of business,
including professional services. Peter retired from Sun Microsystems in December 2005. Currently he is also non-executive director to Ubisense Ltd,
Aspex Semiconductor Holdings Ltd, CRFS Ltd and adviser to Pulsic Ltd. Peter joined the Board on 10 January 2007
Tony Ratcliffe
Finance Director & Company Secretary
Tony joined Brady and the Board in 2007. He brings a wealth of experience gained in high growth technology companies including Gemini Genomics plc where he led the successful $450m Nasdaq IPO and subsequent merger with Sequenom, i2 which enjoyed considerable growth leading to a merger with Choicepoint, realising some $100m in cash for shareholders. More recently, Tony established his own company, Consilium Financial Ltd, undertaking numerous projects including the financial management of venture capital backed companies and project management of UK and EC acquisitions for technology clients. Tony holds a BSc from the University of East Anglia and an MBA from Heriot-Watt University, Edinburgh and is a Chartered Accountant.
Committees of the Board deal with certain specific aspects of the Group's affairs. These Committees are the Remuneration Committee and the Audit Committee. The roles and responsibilities of the Committees are set out in their terms of reference, which are available by clicking on the link below.
Remuneration Committee
The Group's Remuneration Committee is chaired by the non-executive director, Mr Peter Harverson and its other members are the non-executive
Chairman, Mr Paul Fullagar and the other independent non-executive director, Mr Pat Brazel . Under its terms of reference, the Committee meets at least twice a year.
Audit Committee
The Audit Committee is chaired by the non-executive director, Mr Pat Brazel. Its other member is the other independent non-executive director, Mr Peter Harverson.
It meets at least twice a year. It meets as necessary to review the draft interim and full year accounts. It discusses the scope and planning of the audit
with the auditors before the audit and agrees their remuneration.
Nominations Committee
The Group's Nomination Committee is chaired by the the non-executive Chairman, Mr Paul Fullagar and its other members are the non-executive
directors, Mr Peter Harverson and Mr Pat Brazel. Under its terms of reference, the Committee meets at least twice a year.