Robust corporate governance
Our Board and governance committees combine skills, knowledge and experience crucial to the effective management of a FTSE 250 transport company.
Our governance framework is built upon robust systems and processes, effective leadership, high standards of behaviour and a culture based on openness and honesty. Together with our values and business model, the framework underpins our approach to achieving our strategic objectives.
Our devolved framework
Day-to-day management of the Group and the implementation of strategies agreed by the Board across the Group and operating companies have been delegated to the executive directors.
The executive directors meet with senior management in the Group and across our businesses both formally via monthly meetings and less formally on a regular basis. We believe that this devolved management structure enables the Group to be managed in a particularly effective way and allows the right balance between local and wider initiatives to deliver Group benefits. It also ensures the Board remains well informed about our businesses, employees, passengers and stakeholders, enabling it to respond pro-actively to the changing dynamics of the business.
Compliance with the UK Corporate Governance Code
The Group complied in full with the provisions of the UK Corporate Governance Code published in September 2014 which applied throughout the year ended 2 July 2016.
Read more about our robust corporate governance approach in our governance report