Managing CR
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Overall responsibility for CR lies with the Board of Directors. It has delegated certain matters to a number of Board Committees.
The Remuneration Committee is responsible for agreeing the remuneration of the executive directors (including the Chief Executive). The Audit Committee is responsible for reviewing the output from the group-wide process used to identify, evaluate and mitigate risk – including CR risks. It is also responsible for evaluating the performance of the external auditors and ensuring the processes are in place to ensure that their objectivity and independence is not compromised.
The Corporate Responsibility Committee is responsible for reviewing and monitoring the processes the company uses to manage social, environmental and ethical risk and assists the Board in overseeing the development of strategy and policy in this area. It is chaired by a non-executive director.
CR issues are managed day-to-day by our CR team. In addition the CR Forum, with representatives from each Business Unit meets regularly to coordinate CR activities and reporting, share best practice and promote internal communication and awareness-raising on CR issues across the business. Each Business Unit has developed a CR action plan reflecting its specific issues and stakeholder groups.
