• Company overview
• What drives us
• Executive Management Committee
• Board & corporate governance
  • Board of Directors
  • Role of the Board
  • Board Committees
  • Remuneration policy
  • Internal controls
  • External auditors
• Corporate Social Responsibility
• History

Role of the Board

BBA Aviation applies the principles of corporate governance set out in Section 1 of the Combined Code on Corporate Governance through its own behaviour, by monitoring the evolution of corporate governance best practice, by reviewing and updating its procedures as required and by adopting, where appropriate, recommendations of governance review bodies.

The Board takes collective responsibility for the long-term success of the company. Its role includes providing effective leadership and agreeing the group's strategic aims. It assesses business opportunities and seeks to ensure that appropriate controls are in place to assess and manage risk. It is responsible for reviewing the performance of BBA Aviation's management team and oversees senior level succession planning within the group. The Board is also responsible for setting BBA Aviation's values and standards and ensuring that obligations to shareholders are met.

The Board has a formal schedule of matters reserved to it for decision. These include the approval of matters such as strategy and objectives; annual budgets; dividends and acquisitions and disposals. The Board also approves company policies such as treasury policy, health, safety and environmental policy and business ethics guidelines.

There is a clear division of responsibilities between the Chairman and Group Chief Executive. This is reinforced by a written statement of the division of responsibilities between the two positions which has been reviewed and approved by the Board.

• The Chairman is primarily responsible for leading the Board and ensuring its effectiveness. He is responsible for setting the Board agenda and for promoting effective decision making. He is also responsible for ensuring the performance of the Board, its committees and individual directors are evaluated on an annual basis and that appropriate Board training and development occurs.
• The Group Chief Executive is responsible for the development and implementation of Board strategy and policy, the running of BBA Aviation's business, communicating the group's business strategy and activities within and outside BBA Aviation and for building positive relationships with the company's stakeholders.

Non-executive directors are appointed by the Board for an initial term of three years subject to the usual regulatory provisions and satisfactory performance.

The Senior Independent Director is available to shareholders if they have concerns that cannot be resolved through usual means with the Chairman or Group Chief Executive.