Details of the Board of Directors and their membership of Board committees can be found on the Board of Directors page.
The Board is responsible for overseeing the management of the business of the Group and the Directors’ powers are subject to the Company’s Articles of Association and any applicable legislation and regulation.
The Board operates through a comprehensive set of processes, which define the schedule of matters to be considered by the Board and its Committees during the annual business cycle and the level of delegated authorities (both financial and non-financial).
The Board has established five principal committees: the Audit Committee, the Remuneration Committee, the Nominations Committee and the Risk & Security Committee.
Each committee operates within written terms of reference approved by the Board, details of which can be found on the links below:
- Audit Committee Terms of Reference
- Remuneration Committee Terms of Reference
- Nominations Committee Terms of Reference
- Risk & Security Committee Terms of Reference
In addition, the Board has established a Disclosure Committee to deal with the management and release of price-sensitive information. View the Disclosure Committee's Terms of Reference.
QinetiQ Group plc Board Diversity Policy
The Board recognises the benefits of diversity and has adopted a policy which sets out the approach to diversity in respect of the Board of Directors of QinetiQ Group plc. View the full Board Diversity Policy.
QinetiQ Group plc Directors’ Remuneration Policy
The Directors’ Remuneration Policy at the 2020 Annual General Meeting was approved and will be put to shareholders for their vote again no later than 2023. The Directors’ Remuneration Policy can be downloaded here.
S430(2B) Companies Act 2006 Statement:
James Burnell-Nugent or Ian Mason have not received any loss of office payments, nor will they be paid any further remuneration for their services as Directors of QinetiQ Group plc, other than the fees that were due for their services up to the dates of their respective leaving dates. The S430(2B) Companies Act 2006 Statement in respect of David Smith can be downloaded here.
Section 172 (1) Statement
We welcome our responsibilities to promote the success of the company in accordance with section 172 of the 2006 Companies Act. The QinetiQ Group plc Section 172 (1) statement can be downloaded here.
The QinetiQ Limited Section 172 (1) statement can be downloaded here.