The Board is committed to conducting business responsibly and maintaining high standards of corporate governance. This commitment extends to driving the Group’s long-term objectives and overseeing the Group’s operations to ensure competent and prudent management, continuous leadership development and ongoing succession planning.
Throughout the disruption, the Board and executive team have made it their priority to protect the health and wellbeing of our employees, support our customers and other stakeholders, and secure the long-term future of the business.
Over the year-end and into the new financial year, the governance model has stood up well to managing these challenges.
Board leadership and Company purpose
The Board is committed to conducting business responsibly and maintaining high standards of corporate governance.
Division of Responsibilities
The division of responsibilities between the role of the Chair and the Chief Executive has been agreed by the Board.
Composition, succession and evaluation
The Committee will continue to focus on ensuring that the present and future composition of the Board is appropriate for the delivery of the strategy.
Audit,risk and internal control
The past year has seen improvements in the Group's policies and procedures for managing international trade risks relating to export controls and sanctions.
Remuneration
We have adjusted our remuneration approach for the present circumstances on a consistent Company-wide basis.
© Oxford Instruments 2020