Aberdeen is committed to effective and transparent corporate governance in running its own business. We seek to be transparent in all our activities and reports and follow best practice in day to day operations.
Also, as an investor in global companies on behalf of clients around the world, we look for companies with financial strength and sound corporate governance practices in which to invest. Once invested, we exercise responsible ownership, in part by voting proxies, with a conviction that companies adopting best practices in corporate governance will be more successful in their core activities and deliver enhanced returns to shareholders.
UK Corporate Governance Code
The Group complies with the UK Corporate Governance Code expect where noted in the annual report. The report describes Aberdeen’s corporate governance arrangements, explaining how the Group has applied the principles of the code.
For more information please refer to our latest annual report Annual Report
Diversity on Boards
We are long-standing supporters of diversity in the boardroom and we are supportive of the Financial Reporting Council’s aims to encourage diversity in the boardroom. We are supportive of Lord Davies’ aim to raise the proportion of women on UK boards and our current Board is made up of 13 Directors of whom 3 (23%) are women. We are also members of the 30% Club in the UK, Hong Kong Australia and Malaysia.
We remain of the opinion that appointments to the Board should be made relative to a number of different criteria, including diversity of gender, background and personal attributes, alongside the appropriate skill set, experience and expertise. We will continue to insist that long lists and short lists reflect that position.