John Lewis Partnership plc Annual Report and Accounts 2014


7


Our Partnership model gives us our distinctive culture. This, combined with the efforts of our Partners, gives us our competitive advantage.


Governance of the Partnership model


Aligning Partner interests Our Partnership model creates a commercial competitive advantage through our 91,000 Partners. And because we’re an open, fair and transparent democracy, there is a true sense of belonging to the John Lewis Partnership. This is clear in the way we do business: Partner engagement and investment for the long-term are at the heart of our commercial strategy.


Communicating Partner interests Our Partnership model sets out clear channels of communication, from branch level right up to Partnership Council. These allow and, more importantly, encourage our Partners to make their opinions heard – and see them acted upon – whether that’s through letters sent to the weekly Partnership magazine, the Gazette, or valuable representation at the decision- making table.


Representing Partner interests Partners are formally represented in two of the three governing authorities: the Partnership Board and the Partnership Council. This means all Partners can share their thoughts about our strengths, weaknesses, accomplishments and plans with everyone in the organisation – from the shop floor to the Board.


PRINCIPLE 2:


Power in the Partnership is shared between three governing authorities: the Partnership Council, the Partnership Board and the Chairman.


Our Partners The


Partnership Council


The


Partnership Board


The Chairman


GIVING OUR PARTNERS A VOICE THROUGH A DEMOCRATIC STRUCTURE


Our Partners


Read more about the Partnership Council on page 54.


Our Partners Key


Representation and communication Our Partners


Our Constitution Our Governing authorities


15%


John Lewis Stratford Partners celebrate following the announcement in March 2014 that Partnership Bonus would equal 15% of pay.


THE JOHN LEWIS PARTNERSHIP


OUR PERFORMANCE


GOVERNANCE


FINANCIAL STATEMENTS


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