Press Releases Careers Suppliers Contact Us Chairman and CEO roles and responsibilities Corporate Governance supporting the long-term success and sustainability of our business At TI Fluid Systems, we recognise the importance of effective Corporate Governance in supporting the long-term success and sustainability of our business. Our robust governance framework not only satisfies the provisions of the UK Governance Code but also supports the effective operation of our business and execution of our strategy. There is a clear division of responsibilities between the Chairman and the Chief Executive Officer which is written and approved by the Board. The roles of the Chairman and Chief Executive Officer are separately held and the role of each is clear and distinct. The division of responsibilities between the Chairman and Chief Executive Officer is set out in written terms of reference which were adopted by the Board on 24 October 2017. CHAIRMAN Responsibilities Responsibility for the leadership and effective running of the Board and chairing its meetings Ensuring the Board as a whole plays a full and constructive part in the development and determination of the Group’s strategy and overall commercial objectives Setting the agenda for and frequency of meetings of the Board and ensuring the Board receives accurate, timely and clear information on which to base decisions Ensuring that adequate time is available for the Board to consider all agenda items Promoting a culture of openness and debate and facilitate the effective contribution and active engagement of all Directors Ensuring there is effective communication between the Group and its shareholders and that the Board understands the views of major investors in the Group Promoting the highest standards of integrity, probity and corporate governance Ensuring constructive relations between the Non-Executive and Executive Directors Regularly considering the Board’s succession planning and composition Ensuring that the performance of the Board, its Committees and individual Directors are formally and rigorously evaluated at least once a year Providing an independent perspective and constructive challenge CHIEF EXECUTIVE Responsibilities Responsible for running the business of the Company and its subsidiaries Proposing and developing the Group’s strategy and overall commercial objectives Regularly reviewing the Group’s operational performance, cost control and operating efficiencies and recommending to the Board the annual budget and financial plans for the Group Reporting to the Chairman and the Board on the progress of the strategy, the Group’s performance and operational matters Maintaining a dialogue with the Chairman and the Board on important and strategic issues facing the Group Providing a structure for the timely and accurate disclosure of information Ensuring the Board’s strategies, objectives and decisions are implemented in a timely and effective manner Developing senior talent and succession planning Progressing in conjunction with the Chief Financial Officer and, where relevant, the Chairman, the Company’s communication programme with its shareholders Ensuring effective communication with shareholders, employees and other stakeholders, in order to understand their concerns and communicate issues to the Board Promoting and conducting the affairs of the Group with the highest standards of integrity, probity and Corporate Governance Safeguarding the reputation of the Group and managing the Group’s risk profile Maintaining strong relationships with OEM customers Corporate Offices TI Fluid Systems 2020 Taylor Road Auburn Hills, MI 48326 United States +1 248 296 8000 Headquarters TI Fluid Systems 4650 Kingsgate Oxford OX4 2SU United Kingdom +44 1865 871820 Quick Links Investor Relations Careers Supplier Resource Center Press Releases Downloads Modern Slavery & Regulatory Privacy and Cookie Policy Need more information on TI Fluid System’s products or services? CONTACT US Copyright © 2019 TI Fluid Systems. All rights reserved. Employee Portal | Americas | Europe | Asia Pacific We'll assume you're ok with this, but you can opt-out if you wish.Accept Reject Read More