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Cafédirect

Governance and people

75% of Cafédirect grower partners own shares in the business, through Cafédirect Producers Ltd, which owns 4.1% of the company.

Shareholders

Largest shareholders as at 31st December 2017

Shareholder % held
Oikocredit Ecumenical Development Co-operative 27.8%
Oxfam Activities Ltd 8.5%
Cafédirect Producers Ltd 4.1%

Shareholder distribution as at 31st December 2017, %

Total number of shares in issue as at 31st December 2016

11,384,206

Annual General Meeting

Here you can see the date the last AGM took place, with the next one to be expected a year later. Usually it takes a business three to four months from the accounting year end to produce its annual report. The AGM is usually held two to four weeks later. Any dividends are usually paid around three to four weeks after the AGM.

Last AGM

10th November 2017

How many shareholders voted at the last AGM?

5%

People

Management

Cafédirect is run by John Steel, appointed as managing director in June 2012.

The board consists of seven non-executive directors, of which two represent producer organisations in the developing world. Oikocredit, as a major shareholder, also has a seat on the board. The Guardians also nominate a director to the board.

Senior salaries are decided by the Remuneration Committee, and responsibility for producing accurate accounts rests with the Audit Committee.

Senior management team

Non-executive directors

B Corp certification

In June 2018 Cafédirect became the first UK coffee producer to achieve certification as a B Corporation.

All businesses certified as B Corps must meet the highest standards of verified social and environmental performance, public transparency and legal accountability, and aspire to use the power of markets to solve social and environmental problems.

Salary Ratio

The ratio of the salary of the highest paid to the lowest paid employee. Read more

4.4 to 1

Directors remunerations

 In the year ending 31st December 2017, the chair received a fee of £10,000 and other non-executive directors fees ranged from £5,000 to £6,000. Bart van Eyk waived his fees. The fees for the producer directors are paid to their respective employers.

The executive directors are entitled to a basic salary, share in an annual senior executive bonus, as well as the benefits provided to all employers including private healthcare and a pension scheme.

Diversity

Female directors: 14%

Employee satisfaction

All employees, after completing three months’ service, are entitled to join the company’s defined contribution pension scheme for which the company contributes an amount equal to 9% of basic salary provided the employee contributes at least 1% of their basic salary. The company also operates a private healthcare scheme which all employees are entitled to join after a three month qualifying period.

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