The Board is responsible to all the company's stakeholders for its conduct and the performance of the company.
The day-to-day running of the company is delegated by the Board to the executive team under the leadership of the Chief Executive.
The primary goal of the Board is to ensure that the company's strategy creates value for the long-term investor within an acceptable risk profile.
The Board comprises a non-executive Chairman, a Chief Executive, three other Executive Directors and seven non-Executive Directors. All the non-executive directors are considered by the Board to be independent of management and free of any relationship which could materially interfere with the exercise of their independent judgement. They are appointed by the Board for specified terms on the basis of recommendations put to the Board by the nominations committee. It comprises:
Ian Davis, Chairman
John Rishton, Chief Executive
Dame Helen Alexander, Non-executive Director
Lewis Booth CBE, Non-executive Director
Sir Frank Chapman, Non-executive Director
Iain Conn, Senior Independent Director
Dr John McAdam, Non-executive Director
John Neill CBE, Non-executive Director
Jasmin Staiblin, Non-executive Director
James Guyette, President & Chief Executive Officer Rolls-Royce North America Inc.
Mark Morris, Chief Financial Officer
Colin Smith CBE, Engineering & Technology Director
The Executive Leadership Team discusses policy and strategy, group performance and is an important communications forum. It comprises:
John Rishton, Chief Executive
Jim Guyette, President & Chief Executive Officer Rolls-Royce North America Inc.
Mark Morris, Chief Financial Officer
Colin Smith CBE, Engineering & Technology Director
Miles Cowdry, Corporate Development Director
Kath Durrant, Human Resources Director
Lawrie Haynes, President - Marine & Nuclear
Andrew Heath, President - Energy
Alain Michaelis, Operations Director
John Paterson, President - Marine & Industrial Power Systems
Rob Webb, General Counsel
Tony Wood, President - Aerospace
The Operations Executive, chaired by the Operations Director, reports into the Executive Committee. Membership covers operations, manufacturing, engineering, quality, supply chain and purchasing, with other directors invited according to the agenda. It meets monthly.
The Functional Executive also reports into the Executive Committee and is chaired by the Finance Director. Members are directors of major functions with other functional owners invited by agenda. It meets 6 times per year.
The Board has delegated certain powers and duties to its principal Board committees all of which operate within defined terms of reference.
Nominations committee
The nominations committee makes recommendations to the Board on the appointment and re-appointment of executive and non-executive directors and on the membership of board committees.
Remuneration committee
The remuneration committee is responsible for making recommendations to the Board on the company's policy towards executive remuneration.
Audit committee
The audit committee has responsibility for reviewing the company's financial reporting and accounting policies. It is also responsible for the company's relationship with the external auditors and for the internal audit function, which is termed Business Assurance.
Principal Board Committees' Terms of Reference and Conditions
