Search Home Who we are Our strategy Shareholder centre Invest with us News & media Contact us Governance Caledonia recognises the value of good corporate governance to deliver long-term sustainable success. Governance framework Caledonia’s governance framework is set out in its Articles of Association which provides the foundation for the company’s affairs, governance and relationship its shareholders. Articles of Association Nomination Committee Chairman: David Stewart Members: Stuart Bridges, The Hon Charles Cayzer, Guy Davison, Claire Fitzalan Howard, Shonaid Jemmett-Page, Will Wyatt The Nomination Committee reviews the structure, size and composition of the Board and provides advice and recommendations to the Board in relation to any necessary changes, succession planning, new appointments and non-executive director re-election. Download the terms of reference of the Nomination Committee Remuneration Committee Chairman: Shonaid Jemmett-Page Members: Claire Fitzalan Howard, David Stewart The Remuneration Committee has delegated responsibility for determining the policy for executive director remuneration and setting remuneration for the Chairman, executive directors and senior management. It also reviews employee remuneration and related policies and the alignment of incentives and rewards with culture, taking these into account when setting policy for executive director remuneration. Download the terms of reference of the Remuneration Committee Audit Committee Chairman: Stuart Bridges Members: Guy Davison, Shonaid Jemmett-Page The Audit Committee is responsible for monitoring the integrity of Caledonia’s financial statements, reviewing financial reporting procedures and all financial information issued to shareholders. It also considers the scope, cost effectiveness and objectivity of the external audit, the level of non-audit services provided by the external auditor and its independence. Download the terms of reference of the Audit Committee Governance Committee Chairman: Guy Davison Members: Stuart Bridges, Claire Fitzalan Howard, Shonaid Jemmett-Page The Governance Committee keeps under review corporate governance issues relating to Caledonia and in particular monitors the ability of each director to act in the interests of shareholders as a whole, to exercise independence of judgement free from relationships or circumstances which are likely to affect, or could appear to affect, their judgement. Download the terms of reference of the Governance Committee Responsibilities The responsibilities of the Board, Chairman, Chief Executive and Senior Independent Director are documented. Download the responsibilities of the Board Download the responsibilities of the Chairman Download the responsibilities of the Chief Executive Download the responsibilities of the Senior Independent Director Subsidiary s172 statements In accordance with The Companies (Miscellaneous Reporting) Regulations 2018, some of Caledonia’s subsidiaries are required to publish a statement (the “s172 statement”) describing how the directors of each subsidiary have had regard to the matters set out in s172(1)(a) to (f) of the Companies Act 2006. Download Caledonia’s subsidiary s172 statements for the financial year ended 31 March 2021 Corporate & social responsibility For us, being responsible means being involved. This has always been a cornerstone of our investment approach – across people, companies and funds. We make considered use of our voting rights, take board seats in our unquoted investments and often sit on the advisory boards of the funds we hold. We also meet regularly with our shareholders and listen to any concerns they may have. Full details of our approach to our investments is covered in the Responsible Investing section. Our commitment to corporate responsibility is also reflected in our approach as an employer. We believe that a diverse workforce will create the optimum environment in which our business will thrive and grow and are committed to cultivating an inclusive environment for our people, where they can develop and contribute fully. To that end – and to ensure all our people feel safe and supported – we have policies in place to protect them from unlawful discrimination, to guarantee they are treated fairly and with respect, and to support high standards of conduct and performance. We are conscious of our impact on the environment and continue to take measures to reduce it, providing regular updates in our Annual Report. Anti-bribery We conduct all of our business honestly and ethically. We act professionally, fairly and with integrity in all our dealings – wherever we operate. We are committed to implementing and enforcing effective measures to counter bribery, taking a zero-tolerance approach. Our policy Caledonia prohibits the offering, the giving, the solicitation or the acceptance of any bribe, whether cash or other inducement to or from any person or company, wherever they are situated and whether they are a public official or body or private person or company by any individual employee, agent or other person or body acting on Caledonia’s behalf in order to gain any commercial, contractual or regulatory advantage for Caledonia in a way, which is unethical, or to gain any personal advantage, pecuniary or otherwise, for the individual or anyone connected with the individual. This policy is not meant to prohibit any of the following activities, provided they are customary, proportionate and properly recorded: Normal and appropriate hospitality Ceremonial gifts at special occasions Fast-tracking a process when it is available to all on payment of a fee Providing resources to assist the person or body to make the decision more efficiently, provided it is for this purpose only Our responsibilities This anti-bribery policy applies to all Caledonia directors and employees, and preventing, detecting and reporting bribery is everyone’s responsibility. We have whistleblowing procedures in place so that any suspicions can be reported confidentially. Caledonia will investigate any actual or suspected breach of this policy, or the spirit of this policy. Employees may be subject to disciplinary action. Home Who we are Our strategy Shareholder centre Invest with us News & media Contact us Privacy & cookies policy Terms & conditions Modern slavery statement Tel: 020 7802 8080 Email: enquiries@caledonia.com © 2021 Caledonia Investments plc. Registered in England and Wales. Company number 00235481 Registered office: Cayzer House, 30 Buckingham Gate, London SW1E 6NN Our use of cookies We use cookies to optimise site functionality and give you the best possible experience. AcceptCookie Preferences