The Board recognises that strong governance also underpins a healthy culture. This, in turn, brings the benefits to the Group and its employees as well as to all of its stakeholders. The Board is committed to leading by example to ensure that good standards of behaviour permeate throughout all levels of the organisation.
Go-Ahead’s governance framework
As a Board we believe that good governance is crucial to the successful delivery of our strategic objectives. We aim to always remain abreast of best practice and actively participate in debates and consultations on matters which are important to our business and the communities we serve.
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