Board of Directors
The Board is responsible for the governance of the Group, its overall strategic direction and the success of Xstrata.
Key points
- Provides leadership and defines the strategy required to achieve the Company’s objectives
- Comprises three executive and eight non-executive directors, six of which are considered to be independent
- The Board sets standards of conduct, as documented in an approved Statement of Business Principles, which provide an ethical framework for all Xstrata businesses
Executive management
The executive team are responsible for implementing and executing the strategy set out by the Board and ensuring that the Group delivers its strategic objectives.
Key points
- The Executive Committee, led by Mick Davis is responsible for the implementation of the Group’s strategy
- Each of the commodity business chief executives is a member of the Executive Committee
Corporate governance report
The Board is committed to best practice corporate governance and ensures all processes are transparent for all of our stakeholders.
Key points
- Xstrata is fully committed to the principle of best practice in corporate governance and reports on its application of the principles of the Combined Code throughout the year
- The Board is supported by Audit, Remuneration, Nomination and HSEC Committees
- Effective risk management is considered to be essential to the Group’s success
Remuneration report
We have a clear remuneration policy designed to attract, retain and motivate highly talented individuals needed to deliver on business strategy and maximise value creation.
Key points
- Remuneration is designed to support the Group’s business strategy and to align it with the interests of shareholders
- Rewards reflect the competitive global market in which Xstrata operates
- Performance-related payments are tied to demanding short- and long-term targets
