Maintaining appropriate standards of corporate governance is essential to the good management of the business. The Board is responsible for ensuring that THG lives up to these standards, and monitors our policies to ensure that they are appropriate for the nature, status, size and circumstances of our company.
Role of the Board
The Board is primarily responsible for enhancing shareholder’s interests. It does this by:
- Setting the strategy and direction of the company;
- Approving or recommending changes to THG’s structure and capital;
- Approving and overseeing financial reporting and controls;
- Approving material agreements to the entered into by the company;
- Overseeing communications with shareholders;
- Approving board appointments and remuneration;
- Taking responsibility for risk assessment and internal controls;
- Overseeing THG’s overall corporate governance arrangements.
The schedule of matters reserved to the Board for its collective decision is available here.
Independent Non-Executive Chair
Charles Allen, Lord Allen of Kensington CBE, has been appointed as THG’s Independent Chair. The Independent Chair shall lead the Board in an ethical manner, setting the style and tone of Board discussions, and shall discuss remuneration, governance and performance against the Group’s strategy and business objectives with major shareholders and ensure that the views of such shareholders and other key stakeholders are communicated to the Board as a whole. A description of the role of the Independent Chair is available here.
Chief Executive Officer
Matthew Moulding is THG’s Chief Executive Officer and is responsible for providing leadership to the Group, for its day-to-day management and performance and for driving and communicating its corporate culture, acceptable behaviours, ethics and values. A description of the role of the Chief Executive Officer is available here.
Senior Independent Director
Zillah Byng-Thorne has been appointed as THG’s Senior Independent Director. The Senior Independent Director shall maintain stability and cohesion within the Board and shall be available to shareholders if they have concerns which have not been resolved through the normal communication channels or for which such contact is inappropriate. A description of the role of the Senior Independent Director is available here.