The Company is committed to, and recognises the value and importance of, high standards of corporate governance. The Company complies with the UK Corporate Governance Code published by the Financial Reporting Council in September 2014 (the “UK Corporate Governance Code”).
As envisaged by the Corporate Governance Code, the Board has established the following committees:
- Audit Committee - Click here to read the Terms of Reference
- Risk Committee - Click here to read the Terms of Reference
- Nomination & Governance Committee - Click here to read the Terms of Reference
- Remuneration Committee - Click here to read the Terms of Reference
Each of these committees has formally delegated duties and responsibilities and written terms of references. From time-to-time, separate committees may be set up by the Board to consider specific issues, if the need arises.
Board Diversity Statement
Sanne Group plc (“SANNE”) fully endorses the recommendations made by Lord Davies of Abersoch and recognises the benefits of having diversity in the Boardroom.
SANNE’s success, competitiveness and ability to understand the needs of its clients are dependent upon its ability to embrace the benefits of diversity in the Boardroom. SANNE believes that effective Boards reflect differences in culture, gender, skills, background, regional and industry experience and other qualities. All of these factors are considered in determining the composition of the Board, and all Board appointments will continue to be made on merit, in the context of skills, diversity and experience.
All Board appointments are subject to a formal, rigorous and transparent procedure and are made on merit against a defined job specification and criteria. The Nomination and Governance Committee (the “Committee”) oversees all appointments. The Committee ensures candidates from a diverse range of backgrounds are considered on merit and against objective criteria and with due regard for the benefits of diversity on the Board, including gender.
We expect to make further progress as the business grows.
Modern Anti-Slavery and Human Trafficking Statement 2017
This statement is in response to Section 54, Part 6 of the Modern Slavery Act 2015 and sets out the steps that the Sanne Group is taking to ensure slavery and human trafficking is not taking place in our supply chains or in any part of our business. Click here to read our statement.
Equality and diversity are two of Sanne’s core values. As a people business, attracting, retaining and rewarding talent will be key to our continued success. SANNE, as an employer, is committed to equality and diversity and we are monitoring and analysing equal pay and gender pay across the Group. However, as an organisation with under 100 employees in the U.K. we are not required to report our gender pay statistics, and the small size of the London operation makes meaningful statistical analysis problematic.
We have reviewed our global workforce’s average hourly pay and this has indicated where males and females are doing the same job role, there are only small variances in pay, and in some instances (middle management roles) females are paid marginally more than their male counterparts.
However, across the Group as a whole, on average female employees are paid materially less than men as they occupy the more junior roles in the business and are under represented at the most senior levels. We are committed to ensuring greater gender balance as opportunities arise, and the Board has been discussing how we can achieve a better representation of women in senior roles. A programme of initiatives is being implemented, including changes to recruitment processes, flexible working policies and performance management, as well as the introduction of mentors for females identified as having senior management potential.