Board, Board Committees and Executive Committee
Audit Committee.
Members
Byron Grote (Chair), Melissa Bethell and Karen Whitworth.
Role
The Audit Committee supports the Board in fulfilling its responsibilities regarding financial reporting, the effectiveness of risk management and internal controls processes and compliance matters. More detailed information on the work of the Audit Committee is set out in the annual report.
Corporate Responsibility Committee.
Members
Lindsey Pownall (Chair), John Allan, Bertrand Bodson, Stewart Gilliland and Karen Whitworth.
Role
The Corporate Responsibility Committee oversees the Group’s social and environmental obligations as a responsible corporate citizen. It ensures the Group discharges its responsibilities in such a way as to build trust, respect and confidence. It also identifies and monitors external developments which may affect the Group. More detailed information on the work of the Corporate Responsibility Committee is set out in the annual report.
Nominations and Governance Committee.
Members
John Allan (Chair), Stewart Gilliland, Byron Grote and Alison Platt.
Role
The Nominations and Governance Committee regularly reviews the structure, size and composition of the Board and its Committees to ensure they continue to provide informed and constructive support and challenge to the management team. The Committee is responsible for identifying and reviewing suitable candidates through a formal and transparent process, ensuring that plans are in place for orderly succession to the Board. It also oversees the development of a diverse pipeline for succession to senior management roles. More detailed information on the work of the Nominations and Governance Committee is set out in the annual report.
Remuneration Committee.
Members
Alison Platt (Chair), John Allan, Thierry Garnier, Byron Grote and Lindsey Pownall.
Role
The Remuneration Committee determines the remuneration policy and packages for Executive Directors and senior managers. This involves having regard to workforce remuneration and alignment with strategy and culture, so that Tesco is able to recruit, retain and motivate its executives. More detailed information on the work of the Remuneration Committee is set out in the annual report.
Our Executive Directors’ pay continues to be implemented in accordance with the Remuneration Policy approved by the shareholders at the 2022 AGM.
Update on response to 2020 AGM voting outcome