Corporate governance
We recognise that strong governance provides confidence to all our key stakeholders.
Corporate Governance
The long-term success of the Group is dependent upon maintaining high standards of corporate governance and the Board is guided in its approach through the application of the UK Corporate Governance Code 2018 (the ‘Code’). We recognise that strong governance provides confidence to all our key stakeholders
How we are governed
The Board is the principal decision-making body of the Company. Certain matters, for example relating to strategy, financial structure, communications and policy approvals, are matters reserved for the Board to decide. Authority for other specific matters is formally delegated by the Board to three Board Committees – Audit and Risk, Remuneration, and Nominations – and to executive management. A summary of the roles of each element of our corporate governance regime is set out below.
The Board
The key purpose of the Board is collectively to lead the Company and to promote its long-term sustainable success, so generating value for
shareholders and other stakeholders, and contributing to wider society. The principal responsibility of the Chairman is to lead the Board and to ensure its effective operation.
The Audit and Risk Committee
The key purpose of the Audit and Risk Committee is to assist the Board in its function of oversight of risk, financial controls and reporting.
The Remuneration Committee
The Committee’s key function is to determine the Remuneration Policy for executive management and oversee the appropriateness and effectiveness of Group-wide remuneration policies.
The Nominations Committee
The Committee reviews the composition, structure and size of the Board and oversees the process of recruitment to the Board. It also reviews executive management succession plans
The Chief Executive and senior executive team
The CEO has responsibility for the day-to-day operations of the Group and authority for all decisions which are not reserved to the Board or its Committees
Functions
Details of Board and Committee functions can be found in our annual report.
Downloads
- Corporate Governance
- Pensions
- Modern Slavery
- Gender Pay Gap
Corporate Governance
Published on 20 October, 2025
Published on 17 April, 2026
Published on 20 October, 2025
Published on 20 October, 2025
Published on 20 October, 2025
Published on 20 October, 2025
Pensions
Published on 20 October, 2025
Published on 20 October, 2025
Published on 20 October, 2025
Published on 20 October, 2025
Published on 20 October, 2025
Published on 20 October, 2025
Published on 20 October, 2025
Published on 20 October, 2025
Published on 16 January, 2026
Published on 20 October, 2025
Modern Slavery
Published on 23 January, 2026
Published on 23 January, 2026
Published on 23 January, 2026
Published on 23 January, 2026
Published on 23 January, 2026
Published on 23 January, 2026
Gender Pay Gap
Published on 24 March, 2026
Published on 23 January, 2026
Published on 23 January, 2026
Published on 23 January, 2026
Published on 23 January, 2026
Published on 23 January, 2026
Published on 23 January, 2026