Go-Ahead’s governance framework
Go-Ahead’s Board is collectively responsible for creating and delivering the long-term sustainable success of the Group. It is accountable for agreeing and managing the purpose, strategy, stakeholders and culture of the business and overseeing its governance to ensure it is delivered effectively.
Our governance framework establishes a clear division of responsibilities for the Board and supports the development of good governance practices throughout the Group.
Day-to-day management of the Group and the implementation of strategies agreed by the Board have been delegated to the executive directors.
The executive directors meet with senior management in the Group and across our operating companies both formally and informally, on a regular basis. We believe that this devolved management structure enables the Group to be managed in an effective way and allows the right balance between local and Group initiatives. It also ensures the Board remains well informed about our colleagues, customers and all our stakeholders, so we can respond proactively to the changing dynamics of the business and society.
A full description of the Board’s role, which includes the specific responsibilities reserved for the decision of the Board, are set out in the schedule of matters reserved for the Board.
Compliance with the UK Corporate Governance Code
The Go-Ahead Group plc complied in full with the provisions of the 2016 UK Corporate Governance Code during the financial year ended 30 June 2018. The Code is issued by the Financial Reporting Council (FRC) and is available for review on the FRC’s website: http://www.frc.org.uk