In this section
Our management and board
20x20 Sustainability Plan
Annual Report 2014
The Company is committed to high standards of corporate governance in its business.
This section provides a current view of the Company's governance and explains how it applies the principles and supporting principles of the Combined Code.
Further information is available in the Annual Report, which provides the Corporate governance statement and the Remuneration Report.
The Board comprises three Executive
Directors and six Non-Executive Directors. There is a clear
division of responsibilities between the Chairman and the Chief
Executive. All the Non-Executive Directors are considered to be
independent. They bring wide and varied commercial experience to
The Chairman is responsible for leadership of the Board, setting
its agenda and monitoring its effectiveness.
The Chief Executive is responsible for executing the strategy
once agreed by the Board.
The Remuneration, Nomination and Audit committees have written
terms of reference that define their authorities, duties and
membership. These Committees are made up exclusively of the
Non-Executive Directors. Justin King is not a member of the
Nomination Committee, although he is invited to attend
The Board has overall responsibility for the system of internal
controls, including risk management.
The system of internal controls is designed to manage rather
than eliminate the risk of failure to achieve the Company's
business objectives and can only provide reasonable and not
absolute assurance against material misstatement or loss. It
comprises all controls including financial, operational and
compliance controls and risk management.
The process used to assess the effectiveness of the internal
control systems are ongoing, enabling a cumulative assessment to be
The system of internal control and risk management is embedded
into the operations of the Company, and the actions taken to
mitigate any weaknesses are carefully monitored.
Sainsbury's has a strong record in its commitment to Corporate Responsibility, which is an
everyday part of how we do business. Sainsbury's company values underpin its goal to provide
healthy, safe, fresh and tasty food at fair prices.
The Company is committed to maintaining good communications with
investors. Normal shareholder contact is the responsibility of the
Chief Executive, Chief Financial Officer and the Head of Investor
Relations. The Chairman is generally available to shareholders and
institutional investors. Buyside and sellside analysts are invited
to briefings by the Company immediately after the announcement of
the Company's interim and full-year results. They are also invited
to participate in conference calls following the announcement of
Trading Updates. The content of these presentations, conference
calls and webcasts are available in the presentations section so as
to be available to all investors. Shareholders have the opportunity
to meet and question the Board at the Annual General Meeting.
Download the terms of reference for Sainsbury's.
Here you'll find biographies of our board directors and operating board directors and which committees they are a member of.
© J Sainsbury plc 2014