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Board and Governance

The Hammerson plc Board promotes the long-term sustainable success of the Company, generating value for its shareholders and contributing to wider society. The Board:

  • Sets the Group’s strategic direction, purpose and values and aligns these with its culture
  • Approves major acquisitions, disposals, capital expenditure and financing
  • Oversees the Group’s systems of internal control, corporate governance and risk management
  • Approves the Business Plan

The Board has delegated a number of its responsibilities to its Audit, Investment and Disposal, Nomination and Remuneration Committees. The terms of reference of each of its Committees and the Board’s schedule of reserved matters are available to download on this page.

The Board operates within the Articles of Association of Hammerson plc and oversees the Code of Conduct, which sets out the Company’s minimum expected standards of behaviour. The Articles of Association and Code of Conduct are both available to download on this page.

The Board recognises the need for objective and independent auditors and how such objectivity might be, or appear to be, compromised through the provision of non-audit services by the External Auditor, PricewaterhouseCoopers LLP. The Board’s Policy on Non-Audit Services is available to download on this page.

Compliance with the UK Corporate Governance Code

The Company has complied in full during 2018 with the provisions of the UK Corporate Governance Code published in April 2016, which is available on the website of the Financial Reporting Council at www.frc.org.uk.