HOME WHO WE ARE WHAT WE DO INVESTORS CAREERS MEDIA CENTRE SOCIAL RESPONSIBILITY G4S COUNTRY SITES INVESTORS 2014 Annual Report Electronic Communications Corporate Governance Governance - Chairmans Letter Nomination Committee CSR Committee Risk Committee Audit Committee Remuneration Committee Share price information Investor relations information Investor Events Annual Reports Archive News and presentations Financial Calendar Financial statements Investor relations contacts G4S fact sheet Protect yourself from fraud Home Investors Corporate Governance Corporate Governance We are committed to achieving the highest standards of corporate governance, integrity and business ethics across all our operations, right around the world Our governance framework The board leads the group’s governance framework, setting broad strategic targets, monitoring progress, approving proposed actions and ensuring appropriate controls are in place and operating effectively. Management decisions, development of strategies and policies and implementation of board decisions fall to the group executive committee. Regional management teams have responsibility for businesses within their regions and are tasked with implementing policies and controls at business unit level, as well as ensuring they meet agreed financial and non-financial goals. The presence of a majority of independent non-executive directors on the board ensures objectivity, challenge and debate. It is the primary responsibility of the board to provide effective leadership for the group and this is done by, amongst other things, ensuring that decision making is conducted throughout the group within a strong internal control framework – and by setting values and standards. There is a detailed schedule of matters which are reserved to the decision of the board. These matters fall under 12 categories: Strategy and management Structure and capital Financial reporting and controls Risk and internal controls Contracts Communication Board membership and other appointments Remuneration Delegation of authority Corporate governance matters Policies Other matters – such as settling material litigation, making major changes to the group’s pension scheme rules and the appointment of group advisors By way of example, board approval is required for: unbudgeted capital projects of more than £10m; entering into a sales contract where annual revenue is anticipated to be more than £50m; any changes to the group’s capital structure; and the annual operating and capital expenditure budgets. The board fulfils a number of its most important functions though its committees. The work of these committees is described in the Corporate Governance Report. Board Balance As at the date of this report, the board comprises 11 members: the non-executive chairman (John Connolly), seven other non-executive directors and three executive directors. The board considers all the non-executive directors to be independent. Governance - Chairmans Letter Nomination Committee CSR Committee Risk Committee Audit Committee Remuneration Committee John Connolly - Chairman “ Ensuring that good governance is achieved throughout G4S is vital for the delivery of long term sustainable value for shareholders and for all the group’s stakeholders. It is important therefore that the right tone is set by the board and the way it operates. It is equally important that strong governance frameworks are applied throughout the group.” Directors Indemnity Forms Standard director’s indemnity form – old form (pre Companies Act 2006) Standard director’s indemnity form ACCESSIBILITY CONTACT US DISCLAIMER EMAIL ALERTS COOKIES SITE MAP CLOSE IF YOU CLICK ON ANOTHER PAGE WITHOUT CHANGING THE SETTINGS BELOW YOU CONSENT TO THIS. TO UNDERSTAND WHAT COOKIES WE USE AND WHY, PLEASE VISIT OUR COOKIES PAGE.