Man Group plc - Corporate Responsibility Report 2007

Corporate Responsibility Architecture

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Corporate Responsibility Committee

Harvey McGrath

Chairman

Stanley Fink

Deputy Chairman

Peter Clarke

Group Chief Executive

Kevin Hayes

Finance Director

John Morrison

Chief Executive, Man Investments

Robb Corrigan

Global Head of Corporate Communications

Rob Challis

Group Global Head of Corporate Responsibility

Robert Aitken

Group Head of Compliance

Chris Chaloner

Head of Group Risk

Michael Robinson

Global Head of Human Resources

Group/corporate functions
Functions carried out at Group level are those required to facilitate the overall leadership, strategic development, control and administrative efficiency of the Group as a whole:

• Providing leadership and establishing the culture:
  
  • Assessment
  • Measurement
  • Reporting

• Independent assurance through, as relevant and appropriate:
  
  • Internal Audit
  • External Audit
  • Other external review and accreditation

The corporate responsibility framework of Man Investments and Man Financial is described in detail in the ‘Marketplace’ section of this Report.

Corporate responsibility in day-to-day management
The Board has established a Corporate Responsibility Committee under the chairmanship of Harvey McGrath, our Group Chairman. The Committee oversees corporate responsibility policy and undertakes implementation, monitoring and reporting, and delivery of key programmes such as the Global Employee Surveys. This committee draws corporate responsibility and related information from other Group and divisional committees as set out in the diagram on the left.

For us, corporate responsibility is part of the business proposition for stakeholders. It is vital, therefore, that the leaders of our businesses and key corporate functions are members of this committee. We also regard it as essential that our Corporate Responsibility Programme is led from the very top of our organisation: this is reflected in the committee membership of executive directors and senior executives, as set out in the chart above. The committee meets quarterly.

Implementation of the Corporate Responsibility Programme

The implementation of our integrated Corporate Responsibility Programme is based around five key principles:

• The Board should conduct the oversight of corporate responsibility
• Corporate responsibility should be comprehensively and consistently documented, in the form of policy
• Senior executive management should be responsible for the implementation of corporate responsibility policy throughout the Group
• Divisional and regional office management should be responsible for the implementation of corporate responsibility policy in the businesses for which they are responsible
• Monitoring of corporate responsibility performance throughout the Group should be enabled by a comprehensive reporting infrastructure, culminating in the presentation of periodic Group-level reports to the Board (via the Corporate Responsibility Committee)

The Board ensures adequate governance of the overall corporate responsibility framework through the following mechanisms:

• Areas of specific oversight reserved to the Board
• A Board committee (Corporate Responsibility Committee) which is the principal governance body for corporate responsibility throughout the Group
• Subsidiary committees with specific areas of oversight (e.g., our Carbon Reduction Groups)
• Specific responsibilities for senior management

Areas of specific oversight reserved to the Board include:

• Setting of overall positioning of the Group in relation to corporate responsibility
• Consideration and approval of corporate responsibility policy
• Consideration of specific recommendations from the Corporate Responsibility Committee
• Final approval of corporate responsibility statement(s) made by the Group in the Annual Report and Accounts and in the separate Corporate Responsibility Report

There is a clear chain of responsibility for the implementation of our Corporate Responsibility Programme and its day-to-day management throughout the Group, as detailed in the chart above.

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