Composition of the Board
The Board currently comprises 12 Directors; a Chairman, CEO, CFO, three other Executive Directors and six Non-executive Directors. All members of the board stand for re-election at every Annual General Meeting.
The Role of the Board
The Board focuses on:
- Driving the Group's long term objectives
- Oversight of operations, ensuring we have competent and prudent management
- Sound planning and internal control
- Developing strong leadership and succession plans
- Protecting our reputation and the relationships we have with customers, suppliers and employees.
How we divide our responsibilities
Responsible for leading the Board, its effectiveness and governance. Setting the agenda to take full account of the issues and concerns of the Directors and ensuring the links between the Shareholders, Board and management are strong.
Chief Executive Officer
Responsible for the day-to-day leadership, management and control of the Group, for recommending the Group strategy to the Board and ensuring that the strategy and decisions of the Board are implemented.
Chief Financial Officer
Supports the Chief Executive Officer in devising and implementing strategy in relation to the financial and operational performance of the Group.
Senior Independent Director
Provides a sounding board for the Chairman, acts as an intermediary for the other Directors when necessary and is available to meet with Shareholders.
Independent Non-executive Directors
Constructively challenge the Directors and monitor the delivery of the Group strategy within the risk and control environment set by the Board.
Regional Executive Directors
Supports the Chief Executive Officer and Chief Financial Officer in relation to devising and implementing strategy in relation to their specific region.
Supports the Chairman and Chief Executive Officer and is available to all Directors for advice and support. Informs the Board and Committees on governance matters and responsible for development of corporate governance policies.
Monitors and reviews the integrity of Aggreko’s financial statements, as well as monitoring the relationship with the external auditor and oversight of our systems for internal control and risk management.
The members of the Committee are available on the Board and Management page. Select 'Audit' from the 'Select a Committee' list to view them.
Monitors Compliance and oversees the effectiveness of our ethical policies and procedures to ensure that Aggreko conducts its business with integrity and honesty and in accordance with the law.
The members of the Committee are available on the Board and Management page. Select 'Ethics' from the 'Select a Committee' list to view them.
Monitors and reviews the composition and balance of the Board and its Committees to ensure Aggreko has the right structure, skills and diversity of experience in place for the effective management of the Group.
The members of the Committee are available on the Board and Management page. Select 'Nomination' from the 'Select a Committee' list to view them.
Determines the remuneration for Executive Directors and the Executive Committee members and overseas Aggreko’s overall remuneration policy, strategy and implementation.
The members of the Committee are available on the Board and Management page. Select 'Remuneration' from the 'Select a Committee' list to view them.
Remuneration Policy for 2014 is set out on pages 83 to 88 of our 2013 Annual Report.
Remuneration Policy for 2015 is set out on pages 98 to 104 of our 2014 Annual Report.
Responsible for decisions regarding the allotment of shares.
Supports the Board in approving the final form of any announcement or statement relating to the performance of the Group.
Responsible for funding and treasury decisions.
Articles of Association
The Aggreko plc Articles of Association are available for download here