2. The Board and its Committees
In accordance with the Companies Act 2006, Tate & Lyle PLC and some of its subsidiaries are required to prepare a statement in their Strategic Reports which describes how the directors have discharged their duty to promote the success of the company for the benefit of its members as a whole, while having regard to the matters set out in section 172(1) (a) to (f).
Tate & Lyle PLC’s section 172 statement is included in its 2023 Annual Report from page 93.
The section 172(1) statement for Tate & Lyle Mold UK Limited from the most recently approved accounts is set out below:
When making decisions, the Directors have regard to the matters set out in section 172 of the Companies Act 2006 and seek to take the course of action that it considers best leads to the success of the Company over the long term, and for the benefit of its shareholder as a whole.
The Company is a subsidiary of Tate & Lyle PLC, and the Company’s key stakeholders are its ultimate beneficial owner, Tate & Lyle PLC, related Tate & Lyle subsidiaries and the stakeholder groups set out in Tate & Lyle PLC’s 2022 Annual Report.
Most engagement with the Company’s key stakeholders is integrated within the governance framework of the Group, and the Directors are mindful of the Company’s strategic priorities and alignment with the Group’s overarching purpose, strategy, culture and values. Engagement with the ultimate shareholder, Tate & Lyle PLC, is principally effected through the Executive Committee of the Group. From time to time, members of the Company’s Board provide updates on business and operational performance, environment, safety and people matters to the Executive Committee. When there are circumstances where the Company itself judges that it should engage directly with certain stakeholder groups or on certain issues, the size and spread of both the Company’s stakeholders and the Group means that most stakeholder engagement takes place at a Group level.
Further details on how the Group engaged with its stakeholders including suppliers, customers and others in business relationships, can be found in the 2022 Annual Report for Tate & Lyle PLC on pages 90 to 94
The section 172(1) statement for Tate & Lyle International Finance PLC from the most recently approved accounts is set out below:
When making decisions, the Directors have regard to the matters set out in section 172 of the Companies Act 2006 and seek to take the course of action that it considers best leads to the success of the Company over the long term, and for the benefit of its shareholder as a whole.
The Company is a subsidiary of Tate & Lyle PLC, and the Company’s key stakeholders are its ultimate beneficial owner, Tate & Lyle PLC, related Tate & Lyle subsidiaries and the stakeholder groups set out in Tate & Lyle PLC’s 2023 Annual Report.
Most engagement with the Company’s key stakeholders is integrated within the governance framework of the Group, and the Directors are mindful of the Company’s strategic priorities and alignment with the Group’s overarching purpose, strategy, culture and values. Engagement with the ultimate shareholder, Tate & Lyle PLC, is principally effected through the Executive Committee of the Group. From time to time, members of the Company’s Board provide updates on business and operational performance, environment, safety and people matters to the Executive Committee. When there are circumstances where the Company itself judges that it should engage directly with certain stakeholder groups or on certain issues, the size and spread of both the Company’s stakeholders and the Group means that most stakeholder engagement takes place at a Group level.
Further details on how the Group engaged with its stakeholders including suppliers, customers and others in business relationships, can be found in the 2023 Annual Report for Tate & Lyle PLC on pages 88 to 92
Our Remuneration Policy was approved by shareholders in 2023 at the Annual General Meeting. The Policy can be found from page 124 in the 2023 Annual Report or downloaded as a separate document here.
Executive Management
Our leadership team is made up of a number of instrumental people who you can find out more about by visiting our executive management page.