To bring a commercial and internal dimension to the Board’s activities and play their part in relation to strategy, performance, risk and people.
To be accountable to the Chairman for their contribution on the Board and to the Chief Executive for their respective business areas and delivery of Board approved operating and capital plans.
1 To promote the long-term success of the Company for the benefit of its shareholders as a whole.
2 To ensure that the Company acts responsibly having due regard to its reputation and that we do the right thing, the right way, for our shareholders and wider stakeholders, including employees, suppliers, customers, local communities and the environment.
3 To challenge constructively and help develop proposals on strategy. To contribute to the Board’s discussions on the nature and extent of the significant risks it is willing to take in achieving its strategic objectives.
4 To keep informed on shareholder views through feedback at Board meetings, attending business briefings with institutional investors and meeting shareholders at the annual general meeting.
5 To ensure that agreed strategies are successfully implemented and that risks are effectively assessed and managed.
6 To keep the Board informed of business performance, developments in competitors and other industries/markets and changes in customer profile and requirements over the longer term.
7 To support the Chief Executive in communicating to our people the Board’s expectations in relation to the company‘s culture, values and behaviours and for ensuring that the appropriate standards of governance are adopted at all levels.
8 To establish highly effective teams and identify, promote and develop the individuals required to meet future business challenges and senior management succession. To pay due regard to the benefits of diversity, including gender.
9 To undertake a tailored initial induction programme and to regularly update and refresh their skills, knowledge and familiarity with the business. To participate in and respond to the Board’s annual review of its effectiveness.
Behaviours and Competencies
M&S has developed a competency framework for all employees which is aligned to our leadership brand attributes. The following describe the behaviours and competencies required by an executive director:
Creates real purpose, direction and long term strategy.
Comprehensively analyses a broad range of business and market information to position their area competitively.
Cuts through complexity to create clarity.
Identifies and nurtures the people who will be critical to our success.
Is influential and engages others with impact and presence.
Demonstrates confidence, remains optimistic and focussed taking bold actions when there is uncertainty.
Is tuned to our customer’s current and future needs translating knowledge of emerging trends to drive margin and profits.
Builds commitment and momentum for change.
Performance reviewed by the Chairman and Chairman
Remuneration set by the Chairman and Chief Executive