Corporate Governance

We have a responsibility to manage our assets effectively in order to provide our business partners with a fair and competitive return. We insist that the laws and regulations governing our business activities and relationships be meticulously observed.

 What we said in 2007


    • We will continue to work hard at managing sustained economic growth while continuing to discharge our social and environmental responsibilities
    • We will continue our strict adherence to corporate governance and business risk controls
    • We will report more detailed CSR performance data and information during communication reviews
    • We will deploy the Management Programmes Framework for executives and monitor the number of hours assigned during 2008 to these activities
    • We will verify the relevance, consistency and effectiveness of our approach to CSR through the use of an independent validation body

 What we did in 2008


    • Sustained economic growth was achieved both organically and via acquisitions with an increase in turnover from £774m in 2007 to over £1000m in 2008
    • Our continued strict adherence to corporate governance and business risk controls resulted in 100% statutory compliance again in 2008, with no incidents of financial breaches or irregularities occurring
    • We reported more comprehensive environmental and community involvement data although further work is still required in this area
    • We reviewed our Management Programme for executives against Taylor Woodrow’s approach to enable us to effectively consolidate both frameworks
    • We became members of Business in the Community (BITC). Reporting against BITC’s CR Index will enable us to annually verify the relevance, consistency and effectiveness of our approach to CR

 What we are doing in 2009


    • Continue our strict adherence to corporate governance and business risk controls
    • Further integrate corporate responsibility issues into our overall business risk and opportunity evaluation process by identifying the material risks and opportunities arising from our CR issues and assessing them as part of our ongoing risk management framework
    • Form CR Action Teams to make specific recommendations to the VINCI Construction UK Limited Board on CR issues
    • Utilise the BITC CR Index to carry out a gap analysis highlighting our CR strengths and areas for improvement
    • Undertake a CR research project to develop a set of practical guidelines that will enable us to improve implementation of our CR strategy at all organisational levels

Click to downloadClick to download