menu close UK Corporate Governance Code The Company continues to follow the good practice which the Code recommends and the Board considers that the Company has complied with most of the Principles and Provisions of the Code. However, as a result of the Board changes explained at page 66 of our Annual Report and Accounts, the Company was not compliant with all aspects of the UK Corporate Governance Code with regard to Board independence and the Board is keeping this matter under review. The Board The principle responsibilities of the Board are to ensure the Company’s long-term success by collectively directing the Company’s affairs within the parameters of the Company’s internal control framework whilst identifying and managing their interests of its internal and external stakeholders. More details of the Board’s responsibilities can be found in the Annual Report and Accounts. John Menzies Board Division of Responsibilities Executive Management Board The Executive Management Board has responsibility for operational and business performance matters with a clear focus on our customer offer. Executive Management Board Committees Audit Committee The Audit Committee is responsible for reporting to the Board on the appropriateness of the Group’s accounting policies and reviewing the effectiveness of the Group’s systems for financial control, financial reporting and risk management. The Committee oversees the relationship with the external auditor and reviews and approves the remit of the internal audit function. It is also responsible for reviewing and approving the announcements of the Group’s financial results including the Annual Report and Financial Statements. Terms of Reference Nomination Committee The Nomination Committee is responsible for considering the size, structure and composition of the Board and senior management ensuring that plans are in place for the orderly succession of these positions from a diverse pipeline of talent based on merit and objective criteria. The Committee makes recommendations to maintain an appropriate balance of skills, experience and diversity on the Board. Terms of Reference. Remuneration Committee The Remuneration Committee is responsible for determining the remuneration policy for the Board of Directors ensuring that no Director or Executive is involved in decision making relating to their own remuneration. The Committee is also responsible for approving the design of all share plans and assessing the extent to which performance targets for share incentive plans have been met whilst ensuring they support Group strategy and promote long term sustainable success. The Directors’ Remuneration Policy was approved at a General Meeting of shareholders on 17 September 2019 and can be found here. Terms of Reference. Human Resources Committee The Human Resources Committee assists the Board in fulfilling its obligations relating to all human resource matters, to ensure standardisation of structure, polices and processes and ensure those workforce policies and practices are consistent with the Company’s values and support its long-term sustainable success. The committee also develops and keeps under review the method(s) by which the Board engages with the workforce ensuring that the engagement method(s) remains effective at all times. Terms of Reference. Strategic Committee The Strategic Committee assists the Board in monitoring the delivery of the Group’s strategy and structure by evaluating all future key strategic decisions, including significant capital investments and any potential merger, disposal and acquisition activity. Terms of Reference. Further details on all our committee and their role during the last year are provided in the Corporate Governance section of the Annual Report and Accounts. Reports, Presentations, Results & General Meetings Take a look at our recent annual reports and results announcements, AGM results and investor presentations. VIEW ALL DOCUMENTS Annual Report and Accounts 2020 Download (pdf 5 mb) Get in touch Our teams across the globe are on hand to assist with your enquiry. SEARCH CONTACTS General enquiries Bag tracker Pensions Anti-slavery statement Terms Privacy Air Menzies International Registered Offices Accessibility Gender pay gap report Third party code of conduct Statement made under s430(2B) of the Companies Act 2006 Media Hub Proud member of the UN Global Compact Menzies Aviation and John Menzies plc 2 Lochside Avenue, Edinburgh Park Scotland, EH12 9DJ People. Passion. Pride. Since 1833. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Cookie Settings Accept All