How we behave and how we're rewarded
The Board of Directors is committed to achieving compliance with the principles of corporate governance set out in the UK Corporate Governance Code and to comply with relevant laws, regulations, and guidelines such as the US Sarbanes-Oxley Act 2002, the NASDAQ rules and, where practicable, with the guidelines issued by institutional investors and their representative bodies.
WPP operates a system of internal control, which is maintained and reviewed in accordance with the UK Corporate Governance Code and the guidance in the Turnbull Report as well as the relevant provisions of the Securities Exchange Act 1934 and related SEC rules, as they currently apply to the Company.
Executive Remuneration Policy is set by WPP’s Compensation Committee and is governed by three guiding principles:
- Alignment with share owner interest
Our areas of focus are:
- The impact of our work for clients. Our companies help clients integrate sustainability into their business strategy and communications. Client business supported by our sustainability credentials was worth at least £1.26 billion out of total revenues of £11.02 billion to the Group in 2013.
- Marketing standards. We strive for high ethical standards in our conduct and work for clients and we protect consumer data used for marketing purposes.
- Employment practices. Our talent strategy includes competitive remuneration, high-quality training and a focus on diversity and inclusion.
- Environmental performance. We have reduced our carbon footprint per person by 31% since 2006. Our target is a 47% reduction by 2020.
- Supply chain. We monitor key supplier performance.
- Social investment, including pro bono work. Our total social contribution (including the value of free media space) was worth £39.4 million in 2013.
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