Corporate governance

Corporate Governance and Social Responsibility

The Company is committed to high standards of both corporate governance and corporate social responsibility.

At Britvic we have a number of mechanisms in place to ensure our business is accountable and operates transparently. Our board of directors oversees the company’s entire performance and management. Its members include our Chief Executive and Chief Financial Officer, a Non-Executive Chairman and a number of Non-Executive Directors, one of whom is nominated by PepsiCo. They meet ten times a year.

Our Sustainable Business Committee includes senior managers from across the GB, French and Irish businesses, including a member of the Executive Team. The committee owns Britvic’s Sustainable Business strategy, develops goals, monitors performance and reports regularly to the Executive Team, which, along with the Board of Directors, fully supports the work of the committee.

The structure of the Board of Directors and our Board Committees as well as information on our system of internal control and risk management is described in detail in the Corporate Governance Report in the Britvic plc Annual Report.

Audit Committee

The Audit Committee is chaired by Ian McHoul and its other members are John Daly, Ben Gordon and Euan Sutherland. The Audit Committee meets not less than three times a year and has responsibility for, amongst other things, monitoring the integrity of the Group’s financial statements and reviewing its financial results announcements.

Remuneration Committee

The Remuneration Committee is chaired by John Daly and its other members are Gerald Corbett, Sue Clark, Ben Gordon and Ian McHoul. The Remuneration Committee meets not less than three times a year and has responsibility for reviewing remuneration policy and setting compensation for directors and senior management.

Nomination Committee

The Nomination Committee is chaired by Gerald Corbett and its other members are John Daly, Ben Gordon, and Ian McHoul. The Nomination Committee meets not less than twice a year and has responsibility for considering and recommending to the Board persons who are appropriate for appointment as Executive and Non-Executive Directors so as to maintain an appropriate balance of skills and to ensure progressive refreshing of the Board.

Disclosure Committee

The Disclosure Committee is chaired by Mat Dunn or, failing him, Simon Litherland or Gerald Corbett, and its other members are the IR Director, the Director of Corporate Affairs and the Company Secretary. The Disclosure Committee meets at such times as necessary, or appropriate, and has responsibility for determining on a timely basis the disclosure treatment of material information and assisting in the design, implementation and periodic evaluation of disclosure controls and procedures. The Committee also has responsibility for the identification of insider information for the purpose of maintaining the company’s insider lists.

The terms of reference of the Nomination committee, the Audit committee and the Remuneration committee are available on request and available from the following links:

Nomination committee terms of reference

Audit committee terms of reference

Remuneration committee terms of reference

Disclosure Committee terms of reference

Corporate Social Responsibility

From climate change and resource scarcity to youth unemployment and an increasingly obese population, the world is facing some unprecedented challenges. Business has a powerful opportunity to be part of the solution, and Britvic intends to play its part.

Acknowledging the need to further incorporate the principles of corporate responsibility into the core of our business, in 2012 our Executive Team approved a new sustainable business strategy based on three pillars:

  • People: to be trusted and respected in our communities
  • Planet: to ensure our future supply of resources whilst minimising our impacts on the environment; and
  • Profit: to achieve continued profitable business growth

The equal focus on these three pillars will ensure that we remain commercially successful in the long term, whilst at the same time positively contributing to our communities and limiting our impact on our natural resources.

For more information on our sustainable business programme visit our sustainable business section.

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