Strategic Report
Governance Report
Financial Statements
Other Information
Read more about our Board overview on page 66 and Committee structure on pages 67 to 68 plus reports of the Committees on pages 71 to 99 Read more about our Board composition on page 68 and Nomination Committee on pages 75 to 77 Read more about our Audit Committee on pages 71 to 74 and Risk and Compliance Committee on pages 97 to 99
Implementation of the 2018 UK Corporate Governance Code Section of the Code
How Brooks Macdonald have applied the Code
Board leadership and company purpose
The Board seeks to promote the long-term sustainable success of the Company, setting out the Company’s purpose, values and strategy and ensuring that these and the Company’s culture are aligned. The Group Board, led by the Chair, sits at the top of the Company’s governance framework. The Board and its Committees have clearly defined roles, with the list of matters reserved for the Board and the Committees’ terms of reference being available on the Company’s website. The majority of the Board are independent Non-Executive Directors. The Nomination Committee oversees formal procedures both to evaluate the Board and to ensure its composition provides an appropriate balance of skills and experience. It also considers succession planning within the Group. The Company seeks to promote diversity at both Board and senior management level. The Board and its Committees oversee procedures and processes by which the Company manages the risks it is willing to take in order to achieve its long-term objectives. This includes ensuring the independence and effectiveness of the internal and external audit functions and monitoring the integrity of the Company’s financial statements and formal announcements. The Board and the Remuneration Committee develop and oversee policies and practices that are designed to promote the Company’s strategy and its long-term success, and to align the interests of senior management with those of the Company’s shareholders.
Division of responsibilities
Composition, succession and evaluation
Audit, risk and internal control
Remuneration
Brooks Macdonald Group plc Annual Report and Accounts 2024
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