VT is committed to high standards of corporate governance, integrity and business ethics. These standards provide an effective framework for managing our businesses and delivering value to our shareholders.

The Board aims to comply with the Combined Code on Corporate Governance as issued in July 2003 and subsequently amended as applicable under the Listing Rules of the UK Listing Authority.

The Code requires listed companies to report how the main and supporting principles of the Code have been applied, giving sufficient detail to enable shareholders to evaluate the report, and to state whether there has been compliance with the provisions of the Code and providing an explanation for any points of non-compliance.

The Code requires the company to have an effective board whose role is to provide leadership within a framework of controls which allow risk to be assessed and managed. The board sets strategic aims and the company’s values and ensures that obligations to shareholders are met. The role of non-executive directors includes the development of strategy, the scrutiny of management and ensuring the integrity of financial information and risk management systems.

View profiles of the Board of Directors

View our approach to managing risk