Group Executive Committee

The Group Executive Committee (GEC) is responsible to the Board and Shareholders for creating sustainable shareholder value through the management of the constituent businesses within the governance framework. Their role includes oversight responsibility for formulation and development of the Group’s strategy, the allocation of the requisite levels of financial and human capital resources to deliver it, as well as reviewing and monitoring the performance of management, the integrity of financial information, and internal controls and risk management. The internal risk assurance function reports to the GEC on a regular basis.  The GEC has further delegated authority to a series of sub-committees which focus on particular Group-wide functions and business units.

Safety and Sustainable Development Committee

A sub-committee of the GEC, this forum ensures risks and opportunities associated with safety and sustainability are given the highest priority within the Group. It also directly supports the delivery of business strategy through the management of sustainable development issues including environment, people, industry and community.

Human Capital Committee

The committee is chaired by the Chairman and Chief Executive, with members drawn from the GEC and relevant business unit and functional disciplines. The main purpose of the committee is to lead the formulation and endorsement of the Group’s people and organisation agenda, and ensure total alignment with Group business strategy. The committee also is responsible for making recommendations to the Shareholders regarding remuneration levels and succession planning on an annual basis.

Strategy Committee

The strategy committee is chaired by the Group Strategy and Business Development Director, and its other members are drawn from senior management specialising in corporate development and market appraisal. The main purpose of the committee is to formulate the Group’s global corporate strategy, and to set objectives and priorities to deliver it. In addition, it recommends the prioritisation of projects and business development opportunities, and approves funding for new ventures for ultimate sanction by the GEC.

Investment Committee

The committee is chaired by the Chief Officer, Investments and Corporate Finance, and is responsible for investment and treasury policy decisions. It oversees the commercial prioritisation of development and PFI/PPP investment opportunities and the Group’s capital expenditure programme for sanction by the GEC. Investment funding for acquisition, disposal, partnering and joint venturing transactions, and related commercial decisions are also managed by this committee.

Engineering Excellence Group (EnEx.G)

The EnEx.G is chaired and led by the Group’s Chief Engineering Advisor, Professor Robert Mair. Its membership comprises the EnEx.G technical engineering specialists. It is responsible for leading the development and execution of the Group’s innovation agenda by devising engineering strategies to give us competitive advantage, and ultimately, drive industry-wide transformation.