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Travis Perkins Plc
Investor Centre
Corporate Governance
Matters reserved for the PLC Board
Travis Perkins plc is committed to the highest standards of corporate governance.
Matters reserved for the PLC Board
Matters Reserved to the plc Board
Strategy and Management
Open
Responsibility for the overall management of the group.
Approval and on going review of the Group's strategy.
Significant changes relating to the Group's capital or corporate structure and its share listing.
Changes to the Group's management and control structure.
Financial
Open
Approval and on going review of the Annual Operating Plan.
Approval of the annual report and accounts, interim and final results statements and interim management statements.
Acquisitions or Brownfield site developments above £5m (including 10 year lease commitment) expenditure.
Other capital expenditure in excess of £5m.
Contracts of the Company or any subsidiary not in the ordinary course of business.
Agreement to PLC guarantees or change of control provisions.
Revenue expenditure (other than in respect of contracts in the ordinary course of business) with a capitalised value in excess of £5m.
Disposal of whole or part of any wholly owned activities involving net assets greater than £5m.
Funding strategy, banking arrangements, and treasury policy (including foreign exchange,
hedging and derivative
exposures).
Consideration of major financial controls.
Approval of the dividend policy, declaration of the interim dividend and recommendation of the final dividend.
Recommendations to shareholders on auditor appointment reappointment, and removal.
Approval of any significant changes in accounting policies or practices.
Board Membership and Board Committees
Open
Board appointments, (including continuations in office and removals) and statement of responsibilities of Chairman and Chief Executive.
Terms of reference and membership of Board Committees.
Appointment or removal of Company Secretary.
Ensuring adequate succession planning for the board and senior management.
Receiving reports and recommendations from Board Committees.
Remuneration of Directors and remuneration policy in relation to other Senior Executives.
Miscellaneous
Open
Appointment and termination of principal advisors to the Group.
Insurance and risk management strategy (including D & O insurance).
Approval of corporate risk control process.
Overall corporate governance arrangements, including combined code compliance/non compliance, and the conduct of a board evaluation process.
Pension strategy and major changes in the rules of Company pension schemes and consultation with trustees on investment strategy.
Share incentive schemes, including any major changes to rules, grant levels and performance conditions.
Business Principles and policies on corporate responsibility, charitable and political donations.
Policy on Employee Share Dealing Code.
Policy on communications.
Health and Safety & Environmental policies.
Prosecution defence or settlement of litigation above £500k.
Approval of resolutions to be proposed in General Meeting.
Approval of all circulars and listing particulars.
Approval of press releases concerning matters decided by the board.
Consideration of balance of interests between different stakeholders in the company.
Receiving reports on the views of the company's shareholders.
This schedule of matters reserved for Board.
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