The Board of InterContinental Hotels Group is committed to compliance with the principles of good governance set out in the Combined Code. It has also continued to monitor new developments in the UK, Europe and the US in order to maintain continuing compliance with best practice and international corporate governance standards.
The Board is responsible to the shareholders for the strategic direction, development and control of the Group. It is also responsible for the Group’s system of internal control and risk management, and for reviewing its effectiveness. The Board meets regularly and all the directors have access to the advice and services of the Company Secretary, who is responsible for advising the Board on corporate governance matters. Directors are also able to gain access to external independent advice should they wish to do so.
The Company has a team of experienced independent non-executive directors who represent a strong source of advice and judgement. In accordance with the Combined Code at least half the Board, excluding the Chairman, are independent non-executive directors. The Board is supplied with regular and timely information concerning the activities of the Group, to enable it to exercise its responsibilities and control functions in a proper and effective manner.
IHG maintains an active shareholder relations programme.
The Board's Corporate Governance report for the year ended 31 December 2008 is published on pages 35 to 38 of the Annual Report and Financial Statements 2008 (PDF 1.61Mb).
Last updated 01 October 2009
