Investor relations

Governance

Good corporate governance is fundamental to the way that 3i, and its investee companies, conduct business. Particularly in the current volatile economic and political environment, effective oversight of strategy, risk management and people are vital to the delivery of long-term, sustainable value to the Group’s stakeholders. The Board must also remain responsive to the evolving regulatory environment and changing societal expectations of business.

Board composition

Sector experience

Sector experience

 Tenure

Tenure

 Gender diversity

Gender diversity

 

As at 10 May 2023

Division of responsibilities

Responsibilities of the Chairman

  • Leads the Board and is responsible for its overall effectiveness in directing the Company.
  • Leads the Board in its oversight of the purpose, values and culture of the Company.
  • Leads the Board in setting its agenda, approving strategy, monitoring financial and operational performance, and establishing the Group’s risk appetite.
  • Organises the business of the Board, ensuring its effectiveness, and that it maintains an effective system of internal controls.
  • Ensures that Directors receive accurate, timely and clear information. This includes ensuring that the non-executive Directors receive regular reports on shareholders’ views on the Group.
  • Responsible for the composition of the Board, facilitates constructive Board relations and the effective contribution of all non-executive Directors.
  • Leads the annual Board and Board Committee evaluation process.

Responsibilities of the Chief Executive

  • Direct charge of the Group on a day-to-day basis and is accountable to the Board for the financial and operational performance of the Group.
  • Chairs the Investment Committee to review the acquisition, management and disposal of investments.
  • Leads the Executive management team to develop and implement the Group’s strategy and manage the risk and internal control framework.
  • Reports to the Board on financial and operational performance, risk management and progress in delivering the strategic objectives.
  • Regularly engages with shareholders and other key stakeholders on the Group’s activities and progress.

Role of non-executive Directors

  • Provide constructive challenge, strategic guidance and hold management to account.
  • Scrutinise the performance of management in meeting agreed objectives.
  • Seek assurance on the integrity of the financial information and that financial controls and systems of risk management are robust and defensible.
  • Determine appropriate levels of remuneration for Executive Directors and Executive Committee and together with the Chairman, have a prime role in appointing Directors and in succession planning for the Board.
  • Ensure that they have sufficient time to meet their Board responsibilities.

Role of the Senior Independent Director

  • The Senior Independent Director provides a sounding board for the Chairman and serves as an intermediary for the other Directors and the shareholders, and has a prime role in succession planning for the Chairman.
  • Leads the annual review of the continued appropriateness of the Chairman’s appointment and the Chairman’s evaluation.

Board of Directors

The Board of Directors is responsible for ensuring that there is an effective organisational and reporting structure in place.

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