Corporate Governance in Practice | Aggreko

Our approach to corporate governance

Leadership

The Board rigourously challenge strategy, performance, responsibility and accountability to ensure that every decision we make if of the highest quality.

On pages 74 to 77 of the 2014 Annual Report you will find information on how we divide up our responsibilities amongst the Directors, the structure and role of our Committees, the Board’s activities in 2014 and areas of focus for 2015.

Effectiveness

The Board continuously evaluates the balance of skills, experience, knowledge and independence of the Directors. We ensure that all new Directors receive a tailored induction programme and we scrutinise our performance in an annual effectiveness review.

On pages 78 to 80 of the 2014 Annual Report you will find information on the induction of our new Directors, approach to our Board evaluation in 2014, progress against findings and action points.

Accountability

All of our decisions are discussed within the context of the risks involved. Effective risk management is central to achiveing our strategic objectives.

On pages 28 to 33, and 81 of the 2014 Annual Report you will find information on our approach to risk management, internal controls and the processes underpinning fair, balanced and understandable reporting at Aggreko.

Relations with Shareholders

Maintaining strong relationships with our Shareholders, both private and institutional is crucial to achieving our aims. We hold events throughout the year to maintain an open dialogue with our investors.

On pages 82 to 82 of the 2014 Annual Report you will find information on Shareholder engagements in 2014 and the different ways investors can access useful information about Aggreko.

Remuneration

Having a formal and transparent procedure for developing policy on remuneration for Executive Directors is crucial. Our remuneration policy aims to attract, retain and motivate by linking reward to performance.

On pages 92 to 118 of the 2014 Annual Report you will find information on our proposed remuneration policy for Shareholder approval at the 2015 AGM and how we implemented our current remuneration policy in 2014.

We support the UK Corporate Governance Code published by the Financial Reporting Council (the ‘Code’). Each year we assess ourselves against the Code and provide a compliance statement which can be found on page 71 of the 2014 Annual Report.

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Governance is the framework that articulates a company’s values and supports its behaviours - Ken Hanna, Chairman

Related Pages

2014 Reporting Centre