Corporate Governance Report

Our Corporate Governance Report includes an introduction from our Chairman, information about our Directors and how they contribute to the long-term sustainable success of the Company, our key Board activities in the year and those planned for the year ahead, and how our governance arrangements benchmark against the UK Corporate Governance Code. We have also set out the ways in which we engage and foster relationships with our key stakeholders (and how this engagement has influenced Board discussions and decision-making) and how our Directors have discharged their duty under section 172(1) of the Companies Act 2006. View the Schedule of Matters Reserved for the Board. Read on to see the most recent Corporate Governance Report.

Nominations Committee Report

The recruitment of talented individuals to the Board and senior management team ensures we can remain competitive. Our Nominations Committee (a sub-committee of the Board) leads the process for appointments to the Board and senior management positions, ensures plans are in place for the orderly succession to both the Board and senior management positions, and oversees the development of a diverse pipeline for succession. View the Terms of Reference of the Nominations Committee. Read on to see the Nominations Committee's most recent report.

Remuneration Committee Report

Fair and balanced remuneration practices for our Executive Directors and senior managers plays a key role in ensuring sustainable growth of the business and the fulfilment of our strategic objectives. Our Remuneration Committee (a sub-committee of the Board) has responsibility for determining our Executive Directors' remuneration policy and for setting the remuneration of the Chairman, Executive Directors and senior managers (including the Company Secretary and Head of Internal Audit). It reviews the workforce remuneration and related policies and the alignment of incentives and rewards with our culture. View the Terms of Reference of the Remuneration Committee. View our Directors' Remuneration Policy. Read on to see the Remuneration Committee's most recent report.

Audit Committee Report

The oversight of the financial reporting process and the Company's system of internal control is a crucial pillar in our governance framework. Our Audit Committee (a sub-committee of the Board) monitors the integrity of the financial statements of the Company and any formal announcements relating to our financial performance. It also reviews our internal controls, monitors the effectiveness of the internal audit function and reviews and monitors our external auditor's independence and process effectiveness. View the Terms of Reference of the Audit Committee. Read on to see the Audit Committee's most recent report.

Sustainability Committee Report

In September 2021, the Nominations Committee recommended to the Board that a separate committee of the Board be established to ensure sufficient time and attention was being afforded to key environmental and social priorities. The Sustainability Committee was therefore established in November 2021 and provides oversight of sustainability initiatives across Howdens and will assist the Board in articulating and developing its sustainability strategy. In addition, it has responsibility for considering the ongoing work of the Equality, Diversity, and Inclusion ('EDI') Group as well as initiatives on social mobility and apprenticeships. View the Term of Reference of the Sustainability Committee. Read on to see the Sustainability Committee's first report.