RWS AR 23 Final Single pages - Flipbook - Page 66
Corporate Governance Statement
RWS continued to evolve during FY23, with the
embedding of the Group’s values and purpose,
together with further development of its Board and
Executive Team, and completion of the integration of
acquired businesses.
Customers remain at the heart of our business with
our continued focus on quality and a昀昀ordability. The
Group is undertaking a transformation programme
to continue to meet client expectations and deliver
strong future trading performance, while maintaining
RWS’s strong balance sheet.
OUR STAKEHOLDERS
The Board is committed to enhancing engagement with all of our
stakeholders. In FY23, we continued to provide an excellent service to
our clients. Our corporate sustainability policy encompasses the way
that we do business and interact with our colleagues, our clients, our
suppliers, our communities and the environment around us.
Good corporate governance is essential to the long-term success of the
Group and the generation of sustainable value for all our stakeholders.
Guided by our Mission, Vision and Values the Board continues to set
the strategic direction and standards of the Group and exercises
diligent oversight of the Group’s activities.
We sustained our track record of paying regular dividends to
shareholders. This is the 20th year in succession that we have increased
the dividend. The Board approved a share repurchase programme
to return up to £50m of surplus cash to shareholders ahead of the
Company’s next Annual General Meeting in February 2024.
We describe on pages 77 to 80 how the Board engaged with each of
our key stakeholders during FY23.
STRATEGY
Our markets and strategy were comprehensively reviewed during 2022
and our view remains that our strategy and operating model continue
to deliver competitive advantage and di昀昀erentiation and recognise
our strong portfolio and excellent market leadership. We are proud
of our long-term partnerships with our impressive client list and our
deep, global linguistic and subject matter expertise. With our talented,
experienced and passionate colleagues, we will strive to improve
organic growth and so continue to be a unique, world–leading provider
of technology-enabled language, content and Intellectual Property
("IP") services.
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RWS Holdings plc — Annual Report 2023 GOVERNANCE REPORT
