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Board Of Directors

Please view our Board of Directors here.

Corporate Governance

The Group Board is committed to the highest governance standards and considers that the Group’s governance framework reflects its business structure, culture and values, and the requirements of the UK Corporate Governance Code. Through this framework, Bakkavor provides assurance to all its stakeholders that it is a well-managed, responsible company.

The Group Board retains ultimate responsibility for the overall conduct and long-term success of the Group, upholding corporate governance standards, and determining the strategic objectives of the Group. It is supported by, and delegates certain functions to the Chief Executive Officer, Management Board, Audit and Risk Committee, Remuneration Committee, and Nomination Committee.

Schedule of Matters Reserved for the Board

Management Board

The Management Board implements the strategic objectives of the Group Board, determines investment policies, agrees on performance criteria and delegates to senior management the detailed planning and implementation of those objectives and policies in accordance with appropriate risk parameters. It monitors compliance with policies and achievement against objectives by holding management accountable for its activities through monthly and quarterly performance reporting and budget updates.

Committees

Audit And Risk Committee

The Audit and Risk Committee's role is to assist the Group Board with the discharge of its responsibilities in relation to financial reporting, including reviewing the Group’s annual and half year Financial Statements and accounting policies, internal and external audits and controls, reviewing and monitoring the scope of the annual audit and the extent of the non-audit work undertaken by external auditors, advising on the appointment of external auditors and reviewing the effectiveness of the internal audit, internal controls, and fraud systems in place within the Group.

Audit and Risk Committee Terms of Reference

Nomination Committee

The Nomination Committee assists the Group Board in reviewing its structure, size and composition. It is also responsible for reviewing succession plans for the Directors, including the Chairman and Chief Executive and other senior executives.

Nomination Committee Terms of Reference

Remuneration Committee

The Remuneration Committee recommends the Group’s policy on Executive remuneration, determines the levels of remuneration for Executive Directors and the Chairman and prepares an annual remuneration report for approval by the Shareholders at the Annual General Meeting.

Remuneration Committee Terms of Reference