Mobile Search Home About us Corporate governance Share Corporate governance The Board of Associated British Foods plc believes that good corporate governance represents essential protection for the Company’s shareholders and remains committed to maintaining high standards of business ethics and integrity across the Group, recognising these to be vital to the sustainable long-term performance of the Company. Michael McLintock sets out a personal view on developments in the Corporate Governance section of the Annual Report and Accounts 2021. The Board The Board of Directors takes collective responsibility for the overall management and performance of the Company. Meet the Board The role of the Chairman and Chief Executive The roles of the Chairman and the Chief Executive are separately held and the division of their responsibilities is clearly established, set out in writing, and agreed by the Board to ensure that no one has unfettered powers of decision-making. The Chairman is responsible for the operation and leadership of the Board, ensuring its effectiveness and setting its agenda. The Chief Executive is responsible for leading and managing the Group’s business within a set of authorities delegated by the Board and for the implementation of Board strategy and policy. The role of the Senior Independent Director The purpose of this role is to act as a sounding board for the Chairman and to serve as an intermediary for other directors where necessary. The Senior Independent Director is also available to shareholders should a need arise to convey concerns to the Board which they have been unable to convey through the Chairman or through the executive directors. Board committees The Board has established three principal board committees, to which it has delegated certain of its responsibilities. These are the Audit, Nomination and Remuneration Committees. Board Committees Policies To guide and promote good governance and ethical behaviour across our Group, we maintain a series of policies. These guide our actions and those of our employees, suppliers and partners. Policies Risk management and internal control The Board acknowledges its overall responsibility for monitoring the Group’s risk management and internal control systems to facilitate the identification, assessment and management of risk and the protection of shareholders’ investments and the Group’s assets. The directors recognise that they are responsible for providing a return to shareholders, which is consistent with the responsible assessment and mitigation of risks. Risk management Principal risks UK subsidiaries' statement Some of the Group’s UK subsidiaries do not have their own website but may be required to put certain statements such as a Section 172 Statement or Corporate Governance Statement (where relevant) on a website. Links to such statements can be found in this section. UK subsidiaries' statements You may also be interested in How we create value We are a diversified group organised into five segments. Find out how we create long-term value for our stakeholders. Read more Our responsible approach Our aim is to make a lasting contribution to society, delivering for our people, suppliers, communities, customers and the environment. Read more Associated British Foods plc Registered in England and Wales No. 293262 at Weston Centre, 10 Grosvenor Street, London W1K 4QY About us ABF at a glance Our purpose Business model Corporate governance Where we operate Our history Our Group Grocery Sugar Agriculture Ingredients Retail A-Z finder Quick links Annual Report Responsibility ESG Modern Slavery Act Statement Financial calendar e-Alerts Terms and conditions Privacy notice Accessibility Sitemap Cookie policy Copyright (c) 2021 Associated British Foods plc Our use of cookies We use necessary cookies to make our site work. We’d also like to set optional analytics cookies to help us improve it. We won’t set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences. For more detailed information about the cookies we use, see our Cookie policy Manage Cookies Accept All