Board, Board Committees and Executive Committee

Audit Committee.

Members

Byron Grote (Chair), Mark Armour, Melissa Bethell, Stewart Gilliland, and Simon Patterson.

Role

Provides independent assessment and oversight of financial reporting processes including related internal controls, risk management and compliance, as well as overseeing the effectiveness of the internal and external audit functions. More detailed information on the work of the Audit committee is set out in the annual report.

Terms of reference 

Internal Audit Charter

Corporate Responsibility Committee.

Members

Lindsey Pownall (Chair), John Allan, Steve Golsby, Mikael Olsson, and Deanna Oppenheimer.

Role

Ensures that the Board maintains an adequate focus on corporate responsibility and sustainability matters, especially those that support Tesco’s strategy. More detailed information on the work of the Corporate Responsibility committee is set out in the annual report.

Terms of reference

Nominations and Governance Committee.

Members

John Allan (Chair), Stewart Gilliland, Byron Grote, Deanna Oppenheimer and Alison Platt.

Role

Reviews size and composition of the Board leading the process for any appointments to the Board, monitors Board and senior management succession planning, considers diversity, inclusion and Group governance matters. More detailed information on the work of the Nominations and Governance committee is set out in the annual report.

Terms of reference

Remuneration Committee.

Members

Steve Golsby (Chair), John Allan, Byron Grote, Mikael Olsson, Deanna Oppenheimer and Alison Platt.

Role

The Board, supported by the Remuneration Committee ensure that the remuneration policies are designed to support strategy and promote long-term sustainable success. Executive remuneration is aligned to the successful delivery of the company’s long-term strategy. 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 2018 AGM.

Terms of reference

Update on response to 2020 AGM voting outcome