Meggitt believes that a robust and effective governance framework is essential to support management in delivering the company’s strategy.
Below you can find information on our Board of Directors, the Group’s policies, Board governance documents and the latest Corporate Responsibility report.
|Document||Last reviewed and approved by the Board||Notes||Roles of the Chairman and Chief Executive||2016||These document the separate and clear division of responsibilities that have been approved by the Board.|
|Non-executive directors terms of appointment||On appointment and re-confirmed on a three yearly basis||Available for inspection at the Company’s registered office during normal business hours and at the AGM.|
|Service contracts for executive directors||On appointment and would be updated on role change or if legislation required||Available for inspection at the Company’s registered office during normal business hours and at the AGM.|
|Schedule of matters reserved for the Board1||2018||Setting the Group strategy, approving the annual budget; Changing the Group’s capital structure and capital allocation policy; Approving acquisitions and disposals above a certain threshold; and Approving results announcements, annual reports and dividends.|
|Terms of Reference||2017 for Disclosure and Finance Committees
2018 for Audit, Corporate Responsibility, Nominations and Remuneration Committees
|For Board Committees.|
|Articles of Association||2019||Available for inspection at the Company’s registered office during normal business hours and at the AGM. Also available on Companies House online.|
1 If a decision is not reserved for the Board, authority lies, in accordance with authorisation policies and terms of reference, with a Board committee, a management committee, the Chief Executive or other executive director, divisional president or site director.