Corporate governance

Corporate governance statement

The British Business Bank constitution consists of its Articles of Association and a Shareholder Relationship Framework Document between the British Business Bank and the Department for Business, Energy and Industrial Strategy (BEIS).

Corporate governance

Corporate governance statement

The British Business Bank constitution consists of its Articles of Association and a Shareholder Relationship Framework Document between the British Business Bank and the Department for Business, Energy and Industrial Strategy (BEIS).

The British Business Bank plc operates, so far as is practicable, a best practice corporate governance framework, and complies with the UK Corporate Governance Code other than Section E (Relations with Shareholders).

The UK Corporate Governance Code is freely available from the Financial Reporting Council. The 2016 UK Corporate Governance Code acts as a guide to a range of key issues to ensure effective Board practice.

Apart from those set out in this Annual Report, the Board is not aware of any deviations from the relevant aspects of the Code in the period since 1 April 2018 insofar as it applies to the British Business Bank.

Previous: Manage taxpayer money efficiently
Next: Risk management and internal control