UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 74
DIRECTOR S’ REP ORT
Report of the
Nominations &
Governance Committee
Jost Massenberg
The Kingspan Board
recognises that the
values, integrity and
behaviours that shape
our culture and corporate
governance are the
foundation of longterm success.
As a Board, we strive to continue to enhance our corporate governance
practice and disclosure to ensure we not only meet the standards expected
of us but, more importantly, we promote the success of the business for all of
our stakeholders. At the heart of those efforts is an entrepreneurial Board that
adheres to high standards of governance.
Throughout 2021, the Board continued to refine and improve our corporate
governance practice in line with the principles of the 2018 UK Corporate
Governance Code (the ‘Code’). We consistently strive to ensure that our
reporting continues to be meaningful in detailing how we integrate the Code’s
principles within our decision making. We continue to make enhancements to our
governance processes and this translates to less governance risk, based on our
purpose, values, strategy, business and outlook. We are committed to ensuring
that our long-term ambitions go hand in hand with high standards of corporate
governance, as well as a Board equipped with an abundance of diversity,
experience and expertise.
One significant change during 2021 was the retirement of the Company’s
founder, Eugene Murtagh, as Chairman and non-executive director of the
Board after 55 years at its helm. I was honoured to succeed him as independent
non-executive Chairman, and I look forward to working with my fellow directors
to shape the Board for the future. Part of this reshaping of the Board included
the appointment of two new non-executive directors, Éimear Moloney and Paul
Murtagh, who bring fresh thinking and challenge to the Board. Further details
of this refreshment process are set out in this Report of the Nominations &
Governance Committee. Also, as part of planning for the future, we are currently
carrying out the external evaluation of the Board, its committees and structures,
and I will report on the key outcomes of this review in next year’s Annual Report.
During the year, we had the pleasure of engaging with major shareholders and
stakeholders on a number of occasions and I would like to thank all of those
who provided their views on governance, remuneration and strategy to the
Board during our various engagements. We look forward to continuing these
conversations both in the run up to and following our Annual General Meeting
this year.
Jost Massenberg
Chairman
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