Vodafone 2015 Annual Report Download - page 73

Key objective:
Under the leadership of the Chief Executive, is responsible for Vodafone’s overall business
and affairs including delivery of strategy, nancial structure and planning, nancial and
competitive performance and succession planning.
Committee meetings
The Executive Committee meets 11times a year. Topics covered by the Committee include:
a strategy;
a substantial business developments and projects;
a Chief Executive update on the business and business environment;
a regional Chief Executives’ updates;
a Group function heads’ updates;
a talent;
a presentations from various function heads, for example, the Group Financial Controller,
the Group Audit Director and the Group Risk and Compliance Director; and
a competitor performance analysis.
Annually, the Executive Committee, together with the chief executives of the major operating
companies, conducts a strategy review to identify key strategic issues to be presented to the
Board. The agreed strategy is then used as a basis for developing the upcoming budget and
three year operating plans.
The Committee members’ biographical details are set out on pages 54 and 55 and
at vodafone.com/exco.
Membership
Chairman (pictured right):
Vittorio Colao Chief Executive
The Executive Committee includes the Executive
Directors and the senior managers.
Executive Committee Other committees
Risk and Compliance Committee
This is a sub-committee of the Executive
Committee comprising three Executive
Committee members. It is appointed
to assist the Executive Committee
to full its accountabilities with regard
to risk management and policy compliance.
In particular, the Committee conducts deep
dives into key compliance risks to assess
whether they are being effectively managed,
approves changes to policies, and maintains
an overview of the status of compliance
throughout Vodafone so clear and accurate
reports can be made to the Audit and
Risk Committee twice a year. Deep dives
this year covered the policies relating
to network resilience, branded partner
markets, business continuity management
and the Group Enterprise business.
The Committee also received regular reports
on the culture of compliance across the
organisation including the use of the Speak
Up whistleblowing channel, the results of the
People Survey and completion of mandatory
training programmes on the Code of Conduct.
Disclosure Committee
The Disclosure Committee, appointed
by the Chief Executive and Chief Financial
Ofcer to ensure the accuracy and
timeliness of Company disclosures, oversees
and approves controls and procedures
in relation to the public disclosure of nancial
information and other information material
to shareholders. It also supports the
Board in evaluating the Annual Report
to be fair, balanced and understandable.
It is composed of the Group General Counsel
and Company Secretary (the Chair), Regional
Financial Directors, the Group Financial
Controller, the Group Investor Relations
Director, the Group Strategy and Business
Development Director and the Group External
Affairs Director.
Overview Strategy review Performance Governance Financials Additional information Vodafone Group Plc
Annual Report 2015
71