We are committed to being a responsible business and acting with integrity and openness.  Our governance framework follows the principles of the UK Corporate Governance Code and includes clear policies for our employees on ethical behaviour as well as compliance with regulations. 

The roles and responsibilities of the Board

The roles and responsibilities of Board members are clearly defined and set out in the document below.

Roles of the Board

Matters reserved for the Board

The Board is responsible for promoting the long-term, sustainable success of the Company.  The UK Corporate Governance Code requires a clear division of responsibilities between the leadership of the Board and the executive running of the business. The schedule below sets out the matters that are reserved for the Board's decision-making.

 

Matters reserved for the Board

Board committees

The committees assist the Board by focusing on specific activities throughout the year.  They report to the Board on their decisions and actions, and make recommendations in line with their terms of reference. All members of the audit, nomination and remuneration committees are non-executive directors. 

Audit committee

Responsible for ensuring the integrity of the Group’s financial statements and effectiveness of our internal controls and internal and external audit functions.

Members:  Malcolm Cooper (Chair); Tracey Killen; David Lowden; Jen Tippin

Audit committee terms of reference

Health, safety and environment committee

Reviews the Group’s health, safety and environmental performance, strategy and framework, and regulatory obligations.

Members: Malcolm Cooper (Chair); Andy Saul, Group Commercial Director; Clare Sheridan, Company Secretary

HSE committee terms of reference

Nomination committee

Responsible for an effective, balanced Board and that the right succession plans are in place for the Board and Group management team, to enable the Group to deliver its strategy.

Members: Michael Findlay (Chair); Malcolm Cooper; Tracey Killen; David Lowden; Jen Tippin

Nomination committee terms of reference

Remuneration committee

Develops policy on executive remuneration and determines remuneration for our directors and senior management.

Members: Tracey Killen (Chair); Malcolm Cooper; David Lowden; Jen Tippin

Remuneration committee terms of reference

Gender pay gap

We aim to provide all our employees with opportunities to develop and balance their working life in an inclusive and empowered culture. The new ideas and innovations that a diverse workforce brings, are critical to our future.

 

Gender pay gap report 2020

Gender pay gap report 2019

Gender pay gap report 2018

Gender pay gap report 2017

 

Modern slavery

We are a large Group with an extensive supply chain. Our approach is to develop long-term partnerships with suppliers whose policies, values and culture are aligned to our own.   

 

Modern Slavery 2020

Modern Slavery 2019

Modern Slavery 2018

Modern Slavery 2017

Modern Slavery 2016

Tax strategy

We have a low appetite for tax risk and aim to keep our tax affairs simple. 
Our Group tax strategy was adopted in November 2017 and reconfirmed by the Board on 10 December 2020.

Tax Strategy 2020

 

Articles of Association