The Board is chaired by Guy Munnoch (defined as the ‘Director in the Chair’ under the Company’s Articles of Association) and comprises the Deputy Chair and Senior Independent Director, Alan Hughes, the Chief Executive Officer, Robert Gordon, and three other non-executive directors, Anne Whitaker, Yoshikazu Ohashi and Hiroyuki Fukuro.
Mr. Ohashi and Mr.Fukuro hold executive positions with the Company’s sole shareholder, Hitachi Capital Corporation. Excluding the Director in the Chair, the Board therefore has two non-executive directors, Ms. Whitaker and Mr. Hughes, who are determined by the Board to be independent.
The Board has an oversight role, delegating day to day responsibility for managing the Group’s business to the Executive Committee and holding the Chief Executive Officer to account.
Brief biographical details of the Board of Directors and the Executive Committee can be found on Our Leadership Team page.
The Board delegates certain defined responsibilities to committees as summarised below.
The Board is responsible for the Group’s system of internal control and risk management and for reviewing its effectiveness.
Systems and procedures are in place to identify, control and report on the major risks facing the Group.
Further information about the Group’s risk management framework is set out in the Group Strategic Report in our Annual Report [LINK].
Throughout the year ended 31 March 2018, the Group complied with the Japan’s Financial Instruments and Exchange Law (J-SOX) to the extent it is relevant to the Group, as a subsidiary of its parent, using the COSO framework, as a consequence of Hitachi Limited being listed on the Tokyo Stock Exchange.
Hitachi Capital (UK) PLC aims to maintain a culture of openness, honesty and integrity and ensure that, as far as possible, there is an atmosphere of trust and harmony across the organisation.
We recognise that issues and concerns could arise and are committed to ensuring that all employees are given the opportunity to raise these matters without fear of retribution.
Our Whistleblowing policy covers the airing of genuine concerns that might arise regarding malpractice or other unethical behaviour.
Hitachi Capital (UK) PLC is committed to the prevention, detection and elimination of all forms of corrupt business practice. The Board of Hitachi Capital (UK) PLC does not tolerate any form of bribery or corruption.
This Policy applies to all staff, including permanent employees, temporary agency staff and contractors. We expect business partners, especially those introducing business to Hitachi Capital (UK) PLC, to promote and follow this Policy or equivalent policies of their own.