International Providing defence for business Multimedia Contact us Home What We Do Our Company Sustainability Investors News & Events Careers Corporate governance Investors Corporate governance Investors Sell Side Consensus Bond Issue April 2020 Bond Issue September 2020 Leadership Results Centre AGM Financial calendar Share price information Regulatory news Financial information Shareholder information Corporate governance The Board Board committees S172(1) statements and corporate governance statements RELATED LINKS Sign up here for RSS Feeds Sign up here for Email alerts Corporate Governance - Shareholder and Board Governance Shareholders Approximately 100,000 individual, corporate and employee shareholders who are invited to meet at least annually (in person or by proxy) and exercise their stewardship voting rights on the basis of one share/one vote. Annual General Meeting Shareholders vote on key governance matters, including the re-election of directors, their remuneration, the payment of dividends and the appointment of the auditors. Details of AGM. Shareholder relations The Chief Executive and Group Finance Director meet the Company’s principal shareholders on a regular basis. Separately, the Chairman maintains regular contact with the Company’s principal shareholders on governance matters and ensures that all directors are aware of their views. Board The Directors meet regularly as a Board and make decisions on a collective basis. The directors have a legal duty to promote the success of the Company and details of how the Directors have had regard to various stakeholder groups can be found here. The Board has adopted a governance structure based on the UK Corporate Governance Code (the Code). This is detailed in the Operational Framework, which delegates matters to employees in a manner that has been designed to provide ongoing oversight of performance and adherence to policies and behavioural expectations. The Board Charter is a top-level statement on corporate governance. This details certain governance principles and the principal duties of the Chairman, Chief Executive, Company Secretary and Senior Independent Director. Attached to the Board Charter you will also find a schedule of matters reserved for the Board. Board composition The Board consists of executive and independent non-executive directors, plus a non-executive chairman who was independent in accordance with the Code on his appointment. View Board Composition. The non-executive directors provide constructive challenge, strategic guidance, offer specialist advice and hold management to account. They also scrutinise the performance of management in meeting agreed goals and objectives, and satisfy themselves as to the integrity of financial information, and that systems of risk management are robust and defensible. In addition, they set the remuneration of the executive directors and oversee board succession planning. Chairman Leads the Board and is responsible for its overall effectiveness in directing the Company. Also facilitates constructive board relations and the effective contribution of all non-executive directors, and ensures that directors receive accurate, timely and clear information. Chief Executive Responsible for the implementation and delivery of the strategy agreed by the Board. Senior Independent Director Acts as a sounding board for the Chairman and acts as an intermediary for the other directors as necessary. Company Secretary Supports the Board by ensuring that it has the policies, processes, information, time and resources it needs in order to function effectively and efficiently. Delegated authority oversight of performance and compliance with the Operational Framework Board committees The membership of the principal board committees solely comprises non-executive directors.They provide leadership, scrutiny and oversight over key governance areas. View Board Committees. Twitter Facebook Linkedin Flickr Youtube Accessibility Terms & Conditions Privacy Site map Cookie Settings Copyright © 2021 BAE Systems. All rights reserved