Compliance with the UK Governance Code and other requirements
Throughout 2020, Rotork complied with the relevant provisions of the 2018 UK Corporate Governance Code which is applicable for the year under review with the exception being Provision 38 and the alignment of pension contribution rates for executive directors being aligned with those available to the workforce. An explanation of how this departure from the Code is being addressed to ensure compliance by the end of 2022 is set out on pages 113 and 118 of the Directors’ Remuneration Report.
Pages 86 to 101 of the 2020 Annual Report provide the details of the system of corporate governance adopted by Rotork. Download the Annual Report here.