ABOUT BRANDS DEVELOPMENT INVESTORS RESPONSIBILITY MEDIA CAREERS COVID-19 INVESTORS HOME // INVESTORS // GOVERNANCE // CORPORATE GOVERNANCE Corporate Governance Balance of our Board According to the UK Corporate Governance Code 2018 (the "Code"), at least 50 percent of the Board, excluding the chairman, should consist of independent non-executive directors, such that no individual or group of individuals dominates the Board’s decision-making. The Company currently has seven Directors (with an Alternate appointed in case on non-availability of the Chariman). Five of the directors are Non-Executives, three of whom are considered by the Board to be independent. The Executive Directors are Boris Ivesha, President & Chief Executive Officer, and Daniel Kos, Chief Financial Officer. (To read Director biographies, see "Our Board"). Board responsibilities The Board has responsibility for the Group's strategic and financial policies and for promoting the long-term sustainable success of the Group, generating value for shareholders and contributing to wider society in which the Group operates in line with its social responsibility policies. The Board meets regularly and each of the Directors has access to the advice and services of the Chief Corporate and Legal Officer as well as the ability to gain access to external independent advice if required. The Board also maintains a proactive relationship with shareholders and the wider investment community in order to inform its decisions. Strategy. Define and set long-term objectives ensuring the necessary resources are available for the business to develop and grow in a sustainable way. Performance. Regularly review the performance of the Group in light of its business strategy, objectives, business plans and budgets, and ensure that any necessary corrective action is taken. Culture. Promote a guest-focused culture, valuing integrity, transparency and respect. Working as a company building opportunities for career progression and personal growth for team members through training, development, a service mentality and ensuring our team members feel valued and empowered to succeed. Governance. Oversee resourcing, ensuring the tools are available for management and the Group as a whole to meet its objectives and measure performance against them. Ensure workforce policies and practices are both ethical and consistent with the Company’s values and long-term objectives, management is capable and effective and sound planning is in place. Monitor the effectiveness of internal controls, risk management policies and compliance with all statutory and regulatory obligations across our multi-jurisdictional porftolio. Sustainability. Regularly review business strategy to ensure that it remains appropriate for any cyclical and structural changes in the industry. Manage risk and regularly assess the adequacy and effectiveness of mitigation measures, oversee controls and ensure commercial strategy is modelled for resilience and challenging market conditions. Embed a culture that rewards personal and team performance aligned to our strategic and financial objectives to maintain and attract top talent. Stakeholder communications. Build and maintain successful relationships with a wide range of stakeholders, created on trust, transparency and mutual respect. Understand what matters to key stakeholders. Ensure an open discussion on objectives and constructive dialogue with all stakeholder groups. Board succession planning programme & annual elections The entire Board retires and stands for re-election annually at the Annual General Meeting. Any newly-appointed Director will sit as a Director until the next Annual General Meeting. At such time, upon recommendation of the Board and Nomination Committee, they will be proposed for election to the shareholders. The Nomination Committee, together with the full Board of Directors, takes care to ensure all appointments are considered in light of the Company’s Board Diversity and Inclusion Policy, the recommendation of the Code and the views of its shareholders. Succession planning The Nomination Committee oversees the succession planning programme, identifies candidates for Board and Executive positions and ensures the talent pipeline is well developed for tomorrow’s leadership. Appointments to the Board follow a formal, rigorous and transparent process. Succession planning programme, Committee and Board composition, gender balance and other matters are regularly discussed and reviewed by the Nomination Committee and the Board. Succession planning – 2020 Update We appointed two new independent non-executive Board members in 2020. Nigel Keen joined the Board in February 2020. Mr. Keen was elected by shareholders in May 2020 at the Annual General meeting, replacing Nigel Jones, our previous Senior Independent Director who retired as of the May AGM. Mr. Keen has been appointed Senior Independent Director by the Board. Stephanie Coxon also joined the Board In August 2020, joining the Audit, Remuneration and Nomination Committees. Stephanie will stand for her first election to the Board at the next Annual General Meeting, alongside all other Board members who stand for re-election at the forthcoming Annual General Meeting in 2021. Board Committees Audit Committee Remuneration Committee Nomination Committee Director Induction Board Materials Chairing of Meetings Roles & Responsibilities Director's Duties External Appointments & Overboarding Director's indemnities and Protections Our Chairman – Independence at Appointment Senior Independent Director This website uses cookies for a range of purposes. To find out more about the cookies used on this website, please visit our Cookie Policy. Please click Accept to consent to our use of all non-essential cookies described in our Cookie Policy. Social media art’otel® Park Plaza® Arena Hotels & Apartments® Arena Campsites® Follow us Keep in touch Contact us General enquiries Brands Membership Sign up for our email alerts: Sign Up © 2021 PPHE Hotel Group All rights reserved Site Map Accessibility Privacy Policy Terms of Use Cookie Policy Modern slavery statement Imprint RSS