Ferrovial's disclosure of corporate governance is thorough, yet concise, and addresses many of the elements referred to in paragraph 4.9 of the <IR> Framework. The discussion begins by highlighting the three key values underpinning Ferrovial's corporate governance: efficiency, integrity, and transparency. The leadership structure is presented, along with a description of the responsibilities of the…
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Governance
This discussion on governance in Aggreko's 2014 Annual Report provides an overview of the key issues facing the Board, its achievements during 2014 and key priorities for the coming year. The Q&A format at the outset provides some useful context for the Board’s function, particularly regarding the CEO transition and new additions to the Board…
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Governance
Hammerson provides a unique representation of their Board’s key activities through the ‘Your Board’s Year’ section of the governance report. Each component of the governance discussion is accompanied by a calendar icon indicating when the various events/activities took place throughout the year. This section further engages readers by incorporating a case study format, covering topics…
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Governance
The remuneration report in BP’s 2014 Annual Report provides a comprehensive review of the company's remuneration approach and the awards granted to directors. The letter from the Chairman explains the company's long-term remuneration policy, overarching principles and shorter-term developments. The graphic on page 73 depicts how the company’s strategic priorities create long-term shareholder value and…
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Governance
British American Tobacco provides a transparent and detailed disclosure of the company’s Board effectiveness. Beginning with some general statistics about Board composition and tenure, the report then discusses the Board’s own internal review of its effectiveness (pages 55-57). The Group introduces the process for undertaking the evaluation before providing additional insight into the key findings….
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Governance
DIMO’s governance section provides an overview of the company’s governance structure, as well as insights into the company’s conformance and performance based on its value creation activities and capitals. DIMO lists all of the codes, frameworks and systems that move the operational aspects of governance beyond a mere ‘compliance’ exercise to a value-added evaluation of…
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Governance
The report is structured to show a brief summary of how CLP is delivering shareholder value and engaging with shareholders. This information is developed further in a latter section related to governance. This summary supports the company's explanation on their value creation by showing the evidential performance data from 2004. It also communicates in more detail how…
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Governance
The Crown Estate takes steps to provide an engaging and informative governance section. Interestingly, info-graphics are used to demonstrate a wide range of information including gender split and to differentiate between Board members, non-executive Board members, non-executive counsellors and Management Board executive directors. For each member a brief description of the key areas of responsibilities…
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Governance
Schiphol provides a ‘management agenda’ which consists of eleven management targets which are derived from the long-term strategic objectives of Schiphol, providing an insight into the Group’s commitment to strategy delivery from the top. Tables are provided to show the objectives which have been achieved by management and the targets which have yet to be…