Stakeholder engagement continued
Shareholders
Suppliers
We are committed to engaging with our shareholders, creating an opportunity to understand our business, the market, how we are responding and the opportunity to secure growth.
We engage with many different suppliers across our global business and value the role our supply chain plays in supporting responsible business operations.
Link to strategy:
Link to strategy:
The opportunity • Financial performance • Dividend
The opportunity • Long-term trusted partnerships facilitating real, sustainable overhead cost reduction and cost of sale margin improvement • Strong working relationships • Fit for purpose contracts and payment terms, ensuring suppliers deliver to acceptable service levels and protecting NCC Group from any long-term commercial inflation • Ensuring we have a safe and responsible supply chain to protect our service delivery to customers and brand reputation How we listen and engage • We have a professional, dedicated and experienced procurement function, which actively manages key suppliers, monitors supply chain trends and supports the business units to achieve their commercial targets • Regular meetings to be held with key suppliers to better inform them of NCC Group’s strategy and future forecasting • Due diligence completed at the beginning of our relationship with suppliers • Intention to host a supplier conference (post Covid-19) • Structured onboarding of suppliers to NCC Group Highlights in 2021/22 • Creating value to NCC Group through working collaboratively on business projects • Introduction of a new system to store and manage all third party contracts, providing greater protection against risk and enhancing planning capabilities • Leveraging supply chain knowledge and our live data procurement have supported the operational business through direct involvement of customer bids • Introduction of a consistent global supplier onboarding and due diligence process is underway through phased implementation
• Responsible long-term sustainable strategy • Sound corporate governance and stewardship How we listen and engage • CEO and CFO regularly meet investors • Investor roadshows after the full and half-year results • Annual Chair engagement with investors • Open-door policy with investors
• An Annual General Meeting Highlights in 2021/22 • 78 investor meetings held during the year • Shareholder engagement throughout the IPM acquisition process including discussion on the rationale for the acquisition, with a general meeting held on 1 June with 100% shareholder approval for the acquisition • Shareholder engagement on changes to the Remuneration Policy 2021–2024 • Shareholder engagement on change in CEO, as NCC Group builds on the platform developed under previous management
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NCC Group plc — Annual report and accounts for the year ended 31 May 2022
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