At Action we are committed to a sound governance structure and we are running our business with integrity. We firmly believe that transparency contributes to Action’s success. Our governance structure reflects how the company is managed, considering the interests of all stakeholders.
Action has a one-tier governance structure with a Board of Directors, consisting of the CEO and the CFO as executive directors and currently five non-executive directors. Our non-executive directors are: Simon Borrows (chairman), Marc van Gelder, Robert van Goethem, Menno Antal, Sameer Narang and Boris Kawohl. The Executive Committee, comprising the CEO, the CFO and four directors for Action’s key operational functions, is responsible for effectively implementing Action’s strategy, as approved by the Board of Directors, achieving its business objectives and running the operations. The Board and the Executive Committee ensure compliance with applicable laws and regulations is achieved.
Although Action is not formally required to comply with the Dutch Corporate Governance Code, it embraces its key principles. The Board of Directors has implemented an Audit Committee and a Selection, Nomination and Remuneration Committee. Both committees assist the Board in discharging its responsibilities. The Executive Committee established a Risk and Compliance Committee to oversee and monitor Action’s risk profile and associated risk management and compliance policies and processes. In addition, Action has established a dedicated risk management, compliance and internal audit function, centrally organised within Risk Assurance.
Action is majority owned by 3i Group plc and funds managed by 3i, a renowned private equity firm that provides Action with comprehensive knowledge, retail expertise and access to its international business network.