SIG is committed to business integrity, high ethical values, and professionalism in all of its activities.
At SIG, we believe that good governance comes from an effective Board which provides strong leadership to the Group and engages well with both management and stakeholders.
The Board reports annually in the Annual Report and Accounts on its compliance with the requirements of the 2018 UK Corporate Governance Code published by the Financial Reporting Council (the "Code"), which can be found at www.frc.org.uk.
Outlined on this page is more information about our Board of Directors and its committees
Board of Directors
The primary role of the SIG plc Board of Directors (“the Board”) is to promote the long-term sustainable success of the Company and its subsidiaries, generating value for shareholders and contributing to wider society. The Group’s purpose is to enable modern, sustainable and safe living and working environments in the communities in which we operate.
We aspire to be the sustainable market leader in all our country markets. Consistent with our purpose, the Board sets the Group’s strategy which is focused on sustainable value creation for shareholders and considers SIG’s wider relationships with its key stakeholders. The Chairman of the Board is independent and is appointed in accordance with the Company’s Articles of Association.
The Board has delegated certain responsibilities to its principal Committees. Each of the Committees operates under written terms of reference, which are consistent with current best practice. The terms of reference of each of the Committees are reviewed annually.
| Title | |
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| Terms of reference for the Board | Download Terms of reference for the Board PDF wich size of 131KB |
| Role of the Chair | Download Role of the Chair PDF wich size of 155KB |
| Role of the Chief Executive Officer | Download Role of the Chief Executive Officer PDF wich size of 189KB |
| Role of the Senior Independent Director | Download Role of the Senior Independent Director PDF wich size of 163KB |
| Articles of Association | Download Articles of Association PDF wich size of 1.21MB |
| Schedule of Matters Reserved for the Board | Download Schedule of Matters Reserved for the Board PDF wich size of 196KB |
Audit & Risk Committee
The Audit & Risk Committee monitors the integrity of financial reporting and the performance of the external Auditor and reviews the effectiveness of the Group’s systems of internal control and related compliance activities.
The Committee comprises solely independent Non-Executive Directors. The Chair of the Committee attends the AGM to respond to any shareholder questions that might be raised on the Committee’s activities.
| Title | |
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| Audit and Risk Committee Terms of Reference | Download Audit and Risk Committee Terms of Reference PDF wich size of 220KB |
Remuneration Committee
The Remuneration Committee agrees with the Board the framework or broad policy of remuneration for the Chairman, Executive Directors and senior executives, and sets their remuneration. It also reviews remuneration policies across the Group, ensuring the alignment of workforce remuneration and incentives with the Group’s culture and strategy.
The Committee comprises the independent Non-Executive Directors, one non-independent Non-Executive Director and the Chairman, who was independent on appointment. The Chair of the Committee attends the AGM to respond to any shareholder questions that might be raised on the Committee’s activities.
| Title | |
|---|---|
| Remuneration Committee Terms of Reference | Download Remuneration Committee Terms of Reference PDF wich size of 207KB |
Nominations Committee
The Nomination Committee regularly reviews the structure, size and composition of the Board and oversees the development of a diverse pipeline for orderly succession to the Board and senior management positions. Working with HR, it takes an active role in setting and meeting talent objectives and strategies for the Group as a whole.
The Committee comprises the Chairman, the independent Non-Executive Directors and one non-independenet Non-Executive Director. The meetings of the Committee are chaired by the Chairman. The Chairman attends the AGM and can therefore respond to any shareholder questions that might be raised on the Committee's activities.
| Title | |
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| Nominations Committee Terms of Reference | Download Nominations Committee Terms of Reference PDF wich size of 188KB |