Our world Search PLC | Investors Menu Corporate Governance Corporate Governance. Quick Links Previous Next 1 of 2 Board of Directors Biographies of all board members can be found here. Board Committees Board Committee membership and terms of reference can be found here. Corporate Governance Framework Having an effective corporate governance framework supports the Board in the delivery of the Group’s strategy and supports long-term sustainable growth. The Board is committed to high standards of governance. The Annual Report provides an overview of how the Board applies the Principles of the UK Corporate Governance Code (the Code). Monitoring compliance with the Code is the responsibility of the Nominations and Governance Committee, which receives regular updates and reports the findings to the Board. Further details can be found in the latest Annual Report. The Board is supported by the activities of each of the Board Committees which ensure the right level of attention and consideration are given to specific matters. Matters considered by each of the Committees are set out in the Committee terms of reference. Code of Business Conduct Articles of Association. Annual Report 2021 Matters reserved for the Board Matters reserved for the Board Role Statements Chairman The Chairman leads the Board, ensuring its effectiveness while taking account of the interests of the Group's various stakeholders, and promoting high standards of corporate governance. Key responsibilities include: creating a culture of openness and transparency at Board meetings; building an effective Board; ensuring all Directors effectively contribute to discussions and feel comfortable in engaging in healthy debate and constructive challenge; ensuring all Directors receive accurate, timely and clear information; promoting effective communication between Executive and Non-executive Directors; ensuring an annual evaluation of the Board is conducted and leading the performance evaluation of the Chief Executive and Non-executive Directors and ensuring that Committee Chairmen conduct evaluations of their Committees; arranging appropriately tailored induction programmes for new Directors and identifying training and development needs for all Directors as appropriate; and communicating effectively with shareholders and other stakeholders and ensuring that the Board develops an understanding of the view of stakeholders. Board Diversity & Inclusion The Board has adopted a Board Diversity Policy which sets out the approach to diversity on the Board of Directors of Tesco PLC. This policy sits alongside the Company’s Equal Opportunities and Diversity Policy, which sets out the Company’s wider commitment to diversity and inclusion across Tesco. Board Diversity and Inclusion Policy Stakeholders Our values and leadership behaviours are a vital part of our culture to ensure that through our conduct and decision-making we do the right thing for the business and our stakeholders. The Board recognises that having robust governance structures in place is vital to decision-making. Listening to and understanding the views of its key stakeholders form an integral part of the Board’s decision-making. Tesco PLC s172 statement together with examples of how the Directors have oversight of stakeholder matters and had regard for these matters when making decisions are detailed in the Annual Report. Tesco PLC section 172 Statement and Corporate Governance compliance statement Tesco Subsidiary Governance At Tesco, we are committed to maintaining high standards of corporate governance. Good corporate governance is about implementing the right systems and structures across our Group to facilitate effective management and sound business decision-making. By following the principles and guidance set out in the Tesco Governance Code, a consistent level of corporate governance can be applied throughout our operations, risks can be managed and reduced and Tesco’s reputation for practicing good corporate governance in the market can be enhanced. Tesco Subsidiary Governance Code Tesco Group Subsidiary Companies Section 172 statements and Corporate Governance compliance statements Share price 280.50p +0.70p +0.25% 24 November 2021 at close About this website Terms & conditions Privacy & cookies policy Accessibility Site index Useful links Tescoplc.com Tesco.com Tesco Red Door - Innovation Tesco careers Store locator Product recall Modern Slavery Statement Follow us Linkedin Twitter Facebook YouTube flickr Company number: 00445790 © Tescoplc.com 2021. All Rights Reserved. Privacy policy and cookies Accept and close