Holiday Inn 2015 Annual Report Download - page 55

Quick read
The Board and its Committees
The Board is responsible for ensuring leadership through effective
oversight and review of the Group’s activities.
Supported by its principal Committees (the Audit, Corporate
Responsibility, Nomination and Remuneration Committees), the
Board sets the strategic direction of the Group and aims to deliver
sustainable shareholder value for the long term. See pages 60 and
61 for details on the Board and how it spent its time during 2015.
The Audit Committee: monitors the effectiveness of the Group’s
system of internal controls and risk management framework, the
Group’s risk appetite, and the integrity of the Group’s financial
reporting, whistleblowing and regulatory compliance. The Audit
Committee Report is on pages 62 and 63.
The Corporate Responsibility Committee: provides direction, oversight
and advice to the Board on the Group’s corporate responsibility
objectives and strategy, including its environmental impact, social
and community impact, human rights considerations and stakeholder
engagement. The Corporate Responsibility Committee Report
is on page 64.
The Nomination Committee: reviews and considers the size, structure
and composition of the Board and its Committees, giving due regard
to ongoing succession planning, and makes recommendations
to the Board. The Nomination Committee Report is on page 65.
The Remuneration Committee: reviews all aspects of Executive
remuneration, reviewing trends across the industry and setting
Executive remuneration policies, which are designed to incentivise
and retain talent to support the delivery of our long-term strategy.
The Remuneration Committee Chairman’s statement is on pages
68 and 69.
Please see the corporate governance section on the Company’s
website at www.ihgplc.com/investors for the schedule of matters
reserved for the Board, which sets out those matters that are not
delegated by the Board to its Committees, and the terms of reference
for each Board Committee, which set out their respective roles and
responsibilities in more detail.
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Our Board and Committee governance structure
Committee key
Board Committees
Management Committees
General Purposes
Committee
Corporate
Responsibility
Committee
Executive
Committee
Disclosure
Committee
Nomination
Committee
Audit Committee Remuneration
Committee
Board
Our management Committees
The Executive Committee: has responsibility for implementing
operational decisions. Day-to-day management of the business
is delegated to the Chief Executive Officer and the Executive Committee.
There is clear delegation and oversight from the Board to the Executive
Committee, which strengthens decision-making across key areas of
the business.
The General Purposes Committee: attends to business of
a routine nature with parameters set by the Board or an
appropriate Committee.
The Disclosure Committee: ensures proper procedures are
in place for information disclosures required pursuant to UK
and US accounting, statutory or listing requirements.
STRATEGIC REPORT GOVERNANCE GROUP FINANCIAL STATEMENTS ADDITIONAL INFORMATIONPARENT COMPANY FINANCIAL STATEMENTS
53IHG Annual Report and Form 20-F 2015