Governance
We uphold high standards of corporate governance.
Here you will see how we manage the way we run our company and learn how we engage with our stakeholders in the wider world.
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Logica's Board:
Logica is led by an effective and objective board, which is believed to be fundamental to the success of the group. The board utilises a framework of prudent and effective controls in order to determine and manage the group's goals and the necessary strategies and policies to achieve these goals. The company's values and standards set by the board, are upheld throughout the group with the assistance of the internal audit, quality assurance and risk management functions.
Board Composition:
In February 2011 Lord Davies of Abersoch published his report, ‘Women on Boards’, which recommended that FTSE100 companies should aim for a minimum of 25% female board representation by 2015. It further challenged FTSE 350 companies to set out the percentage of women they aim to have on their boards in 2013 and 2015.
Logica plc has developed a board with a good balance of skills, experience, length of service and knowledge of the Company. Its candidate searches are carried out across the widest possible pool of talent against a set of objective criteria based on merit, but with due regard to the benefits of diversity on the Board, including gender.
Since June 2010, Logica has had two female directors on a board of eight members, i.e. 25%. Following the appointment of Himanshu Raja, Logica’s new Chief Financial Officer on 5 September 2011, the ratio is now 22%.
Board Committees:
The role, duties and responsibilities of board committees are clearly defined in their terms of reference and in keeping with the principles of the Financial Reporting Council's UK Corporate Governance Code, the board implements best corporate governance practice through these terms of reference.
