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Our Committees

John Menzies | Advisors

The Board

UK Corporate Governance Code

The Board remains committed to the principles of good corporate governance contained in the UK Corporate Governance Code. The Company continues to follow the good practice which the Code recommends and the Board considers that the Company has applied the principles and complied with the provisions set out therein throughout 2017, as detailed in this Statement and the associated Reports. To find out more about our Board visit Our Leadership.

Responsibilities

The principle responsibilities of the Board are to ensure the Company’s long-term success by collectively directing the Company’s affairs within the parameters of the Company’s internal control framework whilst identifying and managing their interests of its internal and external stakeholders. More details of the Board's responsibilities can be found in the Annual Report and Accounts.

Committees

Audit

The Audit Committee is responsible for reporting to the Board on the appropriateness of the Group’s accounting policies and reviewing the effectiveness of the Group’s systems for financial control, financial reporting and risk management. The Committee oversees the relationship with the external auditor and reviews and approves the remit of the internal audit function. It is also responsible for reviewing and approving the announcements of the Group’s financial results including the Annual Report and Financial Statements.

The full responsibilities of the Committee are set out in its Terms of Reference.

Further details on the Committee and its role during the last year are provided in the Corporate Governance section of the Annual Report and Accounts.

Nomination

The Nomination Committee is responsible for considering the size, structure and composition of the Board and senior management ensuring that plans are in place for the orderly succession of these positions from a diverse pipeline of talent based on merit and objective criteria.

The Committee makes recommendations to maintain an appropriate balance of skills, experience and diversity on the Board.

The full responsibilities of the Committee are set out in its Terms of Reference. Further details on the Committee and its role during the last year are provided in the Corporate Governance section of the Annual Report and Accounts.

Remuneration

The Remuneration Committee is responsible for determining the remuneration policy for the Board of Directors ensuring that no Director or Executive is involved in decision making relating to their own remuneration. The Committee is also responsible for approving the design of all share plans and assessing the extent to which performance targets for share incentive plans have been met.

The Directors’ Remuneration Policy was approved at a General Meeting of shareholders on 17 September 2019 and can be found here.

The full responsibilities of the Committee are set out in its Terms of Reference. Further details on the Committee and its role during the last year are provided in the Corporate Governance section of the Annual Report and Accounts.

Human Resources Committee

The Human Resources Committee assists the Board in fulfilling its obligations relating to all human resource matters, to ensure standardisation of structure, polices and processes and ensure those workforce policies and practices are consistent with the Company’s values and support its long-term sustainable success.

The committee also develops and keeps under review the method(s) by which the Board engages with the workforce ensuring that the engagement method(s) remains effective at all times.

The full responsibilities of the Committee are set out in its Terms of Reference. Further details on the Committee and its role during the last year are provided in the Corporate Governance section of the Annual Report and Accounts.

Strategic

The Strategic Committee assists the Board in monitoring the delivery of the Group’s strategy and structure by evaluating all future key strategic decisions, including significant capital investments and any potential merger, disposal and acquisition activity.

The full responsibilities of the Committee are set out in its Terms of Reference. Further details on the Committee and its role during the last year are provided in the Corporate Governance section of the Annual Report and Accounts.