Annual Report and Accounts 2016
John Lewis Partnership plc
11
Our governance structure How power is shared
The Partnership operates on democratic principles and as much sharing of power among its members and representative bodies as is consistent with efficiency.
The three governing authorities of the Partnership are the Partnership Council, the Partnership Board and the Chairman.
The shared aim of the three governing authorities is to safeguard the Partnership’s future, to enhance its prosperity and to ensure its integrity. They should encourage creativity and an entrepreneurial spirit but must not risk any loss of financial independence.
Partnership Board
Delegates management authority to
Partnership Council
Entrusts management of the business to
Profit
Our success depends on the collaboration and contribution of our Partners, who, in return, receive a share of profits in the form of a Partnership Bonus.
Knowledge
We provide our Partners with the knowledge they need to fulfil their responsibilities as co-owners of the Partnership.
Power
Our Partners are able to influence their business at all levels of the Partnership through the democratic structure and representative bodies that are defined in our Constitution.
Page 64 > Chairman
Shares responsibility for the health of the Partnership
Profit The Constitution
The Partnership Council is made up of Partners representing every area of the business. The Partnership Council has the power to dismiss the Chairman. Five members of the Partnership Board are elected by the Partnership Council from within the business every three years. All three governing authorities share responsibility for the overall health of the Partnership.
Page 63 > Sharing benefits
This year, 91,500 Partners received a 10% Partnership Bonus. Page 3 >
PartnerVoice
Our Partners have a constitutional right to be heard and have their opinions considered.
Page 64 > Governance reporting
This year we have presented our governance report in line with the key elements of our Constitution, as this governs the way Partners should operate.
Page 60 >
a Pay a Pension and long leave a Partnership Bonus a Leisure benefits a Discount and other
The
Our roles
By sharing profit , knowledge and power, we can create a more successful business and a more worthwhile and satisfying place to work.
Our responsibilities
In return for the sharing of profit, knowledge and power, our Partners have three responsibilities:
a Taking responsibility for our business success
a Building relationships powered by our Principles
a Creating real influence over the business
These commitments place on our Partners the obligation to improve our business in the knowledge that they share the rewards of success.
Page 72 >
Responsibilities to others Our Constitution also sets out the role of the Partnership in society, defining our responsibilities to customers, suppliers and to the environment. This includes being scrupulously honest in our business dealings, showing respect and courtesy to all stakeholders and contributing to the wellbeing of the communities where we operate.
Page 73 > Knowledge
a Financial reporting a Communications a Disclosure a Journalism a AGMs
Flow of information Partners Power
a Council a Elected Directors a PartnerVoice
It’s Your Business
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168
