ESG Report 2022 single pages web - Flipbook - Page 59
CORPORATE GOVERNANCE STRUCTURE
RWS maintains a governance framework which describes
the company’s structure and governance, roles and
responsibilities, review of strategy and risk, and appropriate
delegations of authority.
We encourage any form of corrupt or suspicious behaviour
to be reported either through an independent thirdparty portal or via an internal process specified in our
Whistleblowing Policy. The investigation and response to any
reports received are overseen by members of the Executive
Team and reported to the Board.
In addition to our annual Code of Conduct and ethics
training, we implemented Group-wide information security
training in 2022 for all colleagues to complete in the RWS
training portal, MyLX. This training was essential in helping
RWS maintain a secure environment for RWS, its clients,
contractors, and partners.
RWS strives to comply with best practice and benchmarks
itself against leaders in business ethics and professional
integrity, as well using knowledge acquired from attending
conferences such as the annual European Compliance
and Ethics conference, trade publications and professional
subscriptions and legal news and analysis on legal and
regulatory issues.
The company is managed in accordance with The Quoted
Companies Alliance Corporate Governance Code (the
QCA code) and Rules of AIM, the London Stock Exchange
regulated market, and any associated disclosures required
by applicable law.
GOVERNANCE AND REPORTING
As an AIM listed company, RWS has chosen to implement
The Quoted Companies Alliance Corporate Governance
Code (the QCA Code). The principles and disclosures laid
out by the QCA Code provide a framework to ensure we
have the appropriate governance arrangements in place.
The Board considers that RWS does not depart from any
of the principles of the QCA Code and our 2022 Annual
Report includes details of our compliance, which is reviewed
annually in line with the requirements of the QCA Code.
At RWS, the Chairman and CEO roles are separate.
The Chairman leads the Board and has overall
responsibility for corporate governance and promoting
the values of the Group, both internally to colleagues and
externally to the broader stakeholder group. The CEO
manages the day-to-day operations of the Group.
As part of our commitment to high standards of
governance, the Board recognises the importance of
having Non-Executive Directors who are independent in
character and judgement, and free from relationships
which may affect, or could appear to affect, their
judgement. The RWS Board consists of eight members,
the Chief Executive Officer and Interim Chief Financial
Officer as Executive Directors, the Chairman, the
Chairman designate (currently an independent NonExecutive Director) and four other independent NonExecutive Directors.
With effect from 1 October 2022, a new Executive
Director joined the Board as Chief Financial Officer.
The Interim Chief Financial Officer will step down at
the end of December 2022.
Board of Directors
As at 30 September 2022
As at 1 October 2022
Female
Female
Male
38%
62%
Male
44%
56%
Accountable to
Clients
Suppliers
Shareholders
Colleagues
Community
Governance
framework
THE BOARD
Responsible for
Strategy
Performance
Governance
Controls
Risk Management
GOVERNANCE
RWS — ESG Report 2022
59
