GVC Holdings PLC Annual Report 2016
Governance/Corporate Governance Statement
The Board looks to encourage a culture of strong governance across the business, and continues
to adopt the principles of good governance by adhering to the requirements of the UK Corporate
Governance Code. The Board is collectively responsible to the Company's shareholders for creating
and preserving the long-term success and performance of the business. The key principles of the
code are outlined below:
The Board provides leadership either directly or through the operation of
its committees. The Chairman is ultimately responsible for the make-up
and composition of the Board to best deliver the business strategy.
The Board is responsible for establishing and maintaining the risk management
and internal controls and has delegated the responsibility to ensure compliance
with the new code to the Audit & Risk Committee.
The Board sets the strategic objectives and approves and monitors performance
against budgets and forecasts. An evaluation process is regularly undertaken to
ensure Board members have the necessary skills in place. Being effective also
means maintaining relationships and continued engagement with shareholders.
The role of the Remuneration Committee is to determine and maintain a fair
reward structure that attracts the right talent and incentivises Directors to
deliver its strategic objectives and maintain stability of management.