GOVERNANCE STRUCTURE AND COMMITTEES
Our governance structure ensures that the right people have access to the right information. Delegated authorities throughout our organisation enable effective decision making at appropriate levels, distributing responsibility and authority throughout the business to focus efforts and enable effective decision making.
The Board continues to apply good governance and considers that the Company has complied with the 2018 UK Corporate Governance Code (the Code) throughout the year ended 31 March 2024. The Corporate Governance Report, including the reports of the Audit, Nomination, Remuneration and Environmental Social Governance Committee, contained in the 2024 Annual Report and Accounts outlines how the Company applied the Code during the period.
An additional requirement arising from the Companies (Miscellaneous Reporting Regulations) 2018 is to include within the Annual Report and Accounts, a statement on how the Board has had regard to the matters set out in Section172 (a) to (f) of the Companies Act 2006. The statement is supported by our strong engagement with key stakeholders in our business, including employees, suppliers, customers, local authorities, partners, communities and shareholders. Our Section 172 statement can be found within the strategic report of the Annual Report. Our workforce engagement statement, stakeholder engagement statement, ESG Committee report and other information around the Board’s decision making can be found within the Governance Section of the Annual Report.
The Code is available to view at www.frc.org.uk.