Following the acquisition of the G4S Group by Allied Universal on 6 April 2021, the Company has remained committed to achieving high standards of governance. The composition of the board has changed and responsibility for those matters delegated to the committees of the board have reverted to the board.
Corporate Governance
As stated in its offer document dated 5 January 2021, following the Acquisition Date, Allied intends to complete a full evaluation of the G4S Group and its strategy, operations and organisational structure, which will consider both the short and long-term objectives of the business as part of the Enlarged Group.
The board oversees the Group’s governance framework, reviews and approves the strategy, monitors management’s performance against agreed targets and ensures appropriate controls are in place and operating effectively. The board ensures leadership through effective oversight and review. Executive decisions, and development and implementation of strategy are delegated to management.
corporate governance arrangements in place until change of control
Current arrangements
The Company is in a period of transition whilst Allied carries out the aforementioned review of the business and key group responsibilities and delegations are being transferred. In due course, it is expected that the Company and the board as constituted then, will adopt a corporate governance structure reflecting the new ownership structure, delegations and operational rules.
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