Corporate governance
We are committed to achieving high standards of corporate governance, which we believe is vital to creating shareholder value and integral to ensuring that our values and business principles are upheld.
As a premium listed company on the London Stock Exchange, we adhere to the principles and comply with the provisions of the UK Corporate Governance Code, our main applicable governance rules. We seek to apply best practice, ensuring that our approach is up-to-date and relevant.
Our Board comprises ten directors, including nine non-executive directors, a majority of whom are independent non-executive directors. Each of our board committees comprise at least two non-executive directors.
Our Board is responsible for the following key aspects of the group’s governance and performance:
- Financial performance
- Strategic direction
- Major acquisitions and disposals
- Overall risk management
- Capital expenditure and operational budgeting
- Business planning
Our Board committees:
- The Audit Committee has responsibility for reviewing our financial statements and oversees our relationship with our external auditors;
- The Remuneration Committee makes recommendations to the Board on executive director and chairman compensation, as well as exercising an oversight role in relation to other areas of executive remuneration
- The Nominations Committee advises the Board on its composition, making recommendations on the retention, addition or replacement of Directors where appropriate;
- The Health, Safety, Environment and Communities Committee leads the Board’s thinking on health and safety issues, as well as maintaining responsibility for environmental and local community matters.