Vodafone 2015 Annual Report Download - page 53
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How we are
organised
We have a strong and effective governance system throughout the Group.
Responsibility for good governance lies with your Board.
Chairman
Gerard Kleisterlee
a Is responsible for leadership of the Board
a Sets the Board’s agenda
a Meets regularly with the Chief Executive and other key executives to stay informed
Audit and
Risk Committee
a Provides effective
governance over the
Group’s nancial results
a Reviews the activity
and performance of the
internal audit function and
external auditor
a Reviews the integrity,
adequacy and effectiveness
of the Group’s system
of internal control and
risk management
Remuneration
Committee
a Sets, reviews and
recommends the Group’s
overall remuneration policy
and strategy and reviews the
implementation of that policy
and strategy
Nominations
and Governance
Committee
a Evaluates and makes
recommendations regarding
Board and committee
composition, succession
planning and diversity
a Oversees matters relating to
corporate governance
Chief Executive
Vittorio Colao
a Manages the business
and implements strategy
and policy
a Chairs Executive Committee
Executive Committee
a Focuses on strategy
implementation, nancial and
competitive performance,
commercial and
technological developments,
succession planning,
organisational development
Board
Responsible for the overall conduct of the Group’s business and:
a is responsible for the long-term success of the Company;
a sets the Group strategy;
a appoints senior management;
a is responsible for ensuring the effectiveness of and reporting on our
system of corporate governance; and
a is accountable to shareholders for the proper conduct of
the business.
More on:
Pages 56 and 57
Schedule of matters reserved for the Board
The Board has a formal schedule of matters reserved for its
decision and these include:
a Group strategy and long-term plans;
a appointment of senior management;
a major capital projects, acquisitions or divestments;
a annual budget and operating plan;
a Group nancial structure, including tax and treasury;
a approval of annual and half-year nancial results and
shareholder communications; and
a approval and oversight of the system of internal control and
risk management.
Our governance framework
More on:
Pages 63 to 68 More on:
Page 70 More on:
Pages 69 and 70 More on:
Page 71
Overview Strategy review Performance Governance Financials Additional information Vodafone Group Plc
Annual Report 2015
51