IQE plc announced the formation of an Environmental, Social and Governance (“ESG”) Board Committee. The purpose of this Committee will be to develop and monitor the execution of IQE's ESG strategy as well as to oversee the communication of the company's ESG activities with all stakeholders. IQE's Chairman Phil Smith will Chair the Committee and will be joined by Non-Executive Directors Drew Nelson and Sir Derek Jones.

Sir Derek will also be IQE's nominated workforce engagement representative and will report to the Committee on workforce engagement matters.