Annual Report and Accounts 2016 How power is shared


Rule 4 of the Constitution sets out that the shared aim of the three governing authorities is to safeguard the Partnership’s future, enhance its prosperity and ensure its integrity. They should encourage creativity and an entrepreneurial spirit but must not risk any loss of financial independence.


John Lewis Partnership plc


63


The Constitution establishes a structure which is designed to ensure that the Partnership is run fairly and effectively, with checks and balances to ensure accountability and transparency. These mechanisms also ensure that the views of Partners are heard. Partners have a constitutional right to be heard and have their opinions considered.


The Constitution ensures representation of the co-owners on the Partnership Board through the election of Partners as Directors (Elected Directors). It also sets out the role of the Partners’ Counsellor. See pages 69 and 70 for more detail on their roles.


The three governing authorities of the Partnership are:


The Partnership Council Roles and responsibilities are set out


on page64 and in the Partnership Council report on pages 78 to 81.


The Chairman Roles and responsibilities are set


out on page 65 of this report.


The Partnership Board Roles and responsibilities are set


out on page 68 of this report.


How can the Constitution be amended?


The Introduction, Principles and Rules of the Constitution may be amended or cancelled by agreement between two-thirds of the voting membership of the Partnership Council and the Chairman.


Internal audit and risk management Provides assurance to the Board through the Audit and Risk Committee, on the Partnership’s risk management framework and controls.


Governance and assurance bodies Both Management and governance responsibilities Partnership delegations


Waitrose Management Board


John Lewis Management Board


Partners’ Counsellor


Our governance structure and governing authorities John Lewis Partnership Trust Limited Audit and Risk Committee


Remuneration Committee


Chairman’s Nominations Committee


Corporate


Responsibility Committee


The Partnership Board operates within a framework of matters reserved for the Board.


Managing Director Waitrose


Managing Director John Lewis


Group Finance Director


Partnership Board


Delegates management authority to


Partnership Council


Entrusts management of the business to


Chairman The


Shares responsibility for the health of the Partnership


The Constitution


Group


Development Director


Partnership Services


Management Board


Director of Personnel


It’s Your Voice


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