The Miller Group is privately owned. However, it has adopted the key principles of the Combined Code on Corporate Governance in the way it runs the business.
The Miller Group Board consists of Executive and independent Non-Executive Directors. The Chairman is an independent Non-Executive Director.
The Board is collectively responsible for the Corporate Governance of the Group and for establishing the policies and strategies that direct the business. The Board meets a minimum of seven times during the year.
There are three standing Board Committees: Nominations, Remuneration and Audit, each is chaired by an independent Non-Executive Director.
The Board is ultimately responsible for the Group system of internal control and for reviewing its effectiveness. The internal control system is designed to manage rather than eliminate failure to achieve business objectives. The Board reviews the effectiveness of the system and updates the process for identifying and evaluating significant risks affecting the business and the policies and procedures by which these risks are managed.
The Board undertakes an annual evaluation of its performance, that of its committees and individual directors through face to face discussions between the Chairman and individual Board members. The Non-Executive Directors undertake an annual evaluation of the performance of the Chairman.