Corporate Governance

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Corporate Governance

The Board of Grainger is committed to providing effective leadership and promoting the highest standards. At our core, the relationship we have with our tenants is the foundation on which our reputation depends.

Good governance involves the board exercising judgement in all matters of leadership, governance and risk to create confidence in Grainger and ensuring that its reputation for its commercial, profit driven approach with integrity is understood by all of the Company’s stakeholders. Grainger has complied with the UK Corporate Governance Code throughout 2014 and the full detail of Grainger’s corporate governance report for 2014 can be found here.


Executive Directors

Andrew R Cunningham

Andrew Cunningham FCA, FRICS - Chief executive
Aged 58

Appointment
Appointed to the board as finance director in 1996 and became deputy chief executive in 2002 and chief executive in 2009.

Experience
Andrew is a chartered accountant and before joining Grainger was a partner in a predecessor firm of PricewaterhouseCoopers. He is a member of the British Property Federation policy committee and in 2012 was appointed a Fellow of the Royal Institute of Chartered Surveyors. He is a member of the advisory boards of the Cambridge University Land Economy Department and the Durham University Business School.

Committee membership
None

Nick Jopling

Nick Jopling FRICS - Executive director, Property
Aged 53

Appointment

Appointed to the board in 2010 as executive director with responsibility for property.

Experience

Nick was previously with CB Richard Ellis where he was executive director of residential. He was the former chairman of the Urban Land Institute’s UK Residential Council and was a member of Sir Adrian Montague’s committee which reviewed the Barriers to Institutional Investment in Private Rented Homes.

Committee membership

None

Mark Greenwood

Mark Greenwood FCMA - Finance director
Aged 55

Appointment
Appointed to the board as finance director in September 2010.

Experience
Mark has worked in finance since 1982 and held a number of senior positions within Alfred McAlpine plc from 1989 to 2008. He was group finance director from 2007 until its takeover in 2008 by Carillion. From 2008 to 2010 Mark was finance director of the Middle East and North Africa business of Carillion plc.

Committee membership
None

Non-Executive Directors

Ian Coull - Non-executive director
Aged 64

Appointment
Appointed to the Board in September 2014.

Experience
Ian was chairman of Galliford Try plc from 2011 until October 2014. He was Chief Executive of SEGRO plc from 2003 to 2011 and prior to this, a main Board director of J Sainsbury plc. He was a non-executive director of Pendragon plc from December 2010 to January 2013. He is currently a non-executive director of London Scottish International Ltd, a senior adviser to Oaktree Capital Management and Stonehaven Search, a member of The Duchy of Lancaster Council and of the Government’s Property Advisory Panel.

Committee membership
Nominations Committee

Baroness Margaret Ford - Non-executive director
Aged 56

Appointment
Appointed to the board in 2008 and became senior independent director in February 2014. Appointed Interim Chairman in February 2015.

Experience
Margaret is chairman of STV Group Plc and is also a non-executive director of Segro plc and Taylor Wimpey plc. She was chairman of the Olympic Park Legacy Company from 2009 to 2012, was a managing director in the Royal Bank of Canada’s Global Infrastructure Group from 2007 to 2009, and between 2002 and 2007 was chairman of English Partnerships.

Committee membership
Senior independent director
Chairman of remuneration committee
Chairman of nominations committee
Member of audit committee

Belinda Richards

Belinda Richards - Non-executive director
Aged 56

Appointment
Appointed to the board in 2011.

Experience
Belinda was previously global head of Deloitte’s Merger Integration and Separation Advisory Services and is also a non-executive director of Friends Life Group plc.

Committee membership
Chairman of audit committee
Member of risk committee
Member of nominations committee

Simon Davies - Non-executive director
Aged 55

Appointment
Appointed to the board in 2012.

Experience
Simon retired from the role of executive chairman at Threadneedle Asset Management in 2012 after five years in the position, having previously been chief executive (1999–2007) and chief investment officer (1995–1998). He is currently chairman of JP Morgan Overseas Investment Trust plc and Sound Oil plc and is also a director of Old Mutual Wealth Management Limited and LCHClearnet Group Limited.

Committee membership
Member of risk committee
Member of remuneration committee

Tony Wary

Tony Wray - Non-executive director
Aged 53

Appointment
appointed to the board in 2011.

Experience
Tony has been the chief executive of FTSE 100 water company Severn Trent plc since 2007, having joined their board in 2005. He is also a member of the Water UK board and has held director roles within Transco and National Grid Transco.

Committee membership
Chairman of risk committee
Member of audit committee
Member of nominations committee

Andrew Carr-Locke - Non-executive director
Aged 61

Appointment
Appointed to the board in 2015.

Experience
Andrew is a Fellow of the Chartered Institute of Management Accountants. He has previously held senior finance positions at Courtaulds Textiles, Diageo, Bowater Scott and Kodak and more recently was Group Finance Director at George Wimpey plc from 2001 until 2007. In April 2010 he was appointed Executive Chairman of Countryside Properties and stepped down from this board in May 2014 following the successful sale of the business. He is currently a non-executive director at Dairy Crest, where he chairs the audit committee and has previously held non-executive directorships at Royal Mail Holdings, Venture Production and AWG.

Membership

Grainger Centenary Film