s172 Statement

Madison CF UK Limited s172 Statement

The Directors take their responsibilities to shareholders and stakeholders very seriously. The Board comprises both member-nominated and independent Directors to provide representation of both member and wider stakeholder interests in its decision-making. During the year, the Company continued to enhance its risk management arrangements through further development of its Risk Management Framework.

The Board reviewed the Company’s business plan and long-term strategic priorities, establishing a clear framework against which to assess the consequences of its decisions and promote the long-term success of the Company. The Company’s strategic direction has been communicated to employees through regular town hall meetings and internal communications, supporting transparency and engagement across the organisation.

The Directors have identified the Company’s regulator, the Financial Conduct Authority (FCA), as a key stakeholder and maintain ongoing engagement with the regulator. The Directors also oversee a programme of regular reviews of the Company’s policies and processes to ensure that its compliance frameworks support high standards of business conduct and continue to meet regulatory expectations.