The Board of Directors and Executive Committee are ERM's most significant governing bodies. They are responsible for the strategic direction of the organization and the effective monitoring of operations and performance.
The ERM Board of Directors is the highest authority and is ultimately responsible for the direction and oversight of ERM Worldwide Group Limited (as parent company of the ERM Group) on behalf of its stakeholders, including shareholders. The Board meets at least six times per year to review performance and consider key strategic growth plans and material issues and risks. In addition, Board subcommittees provide oversight of audit, risk and remuneration. The Board delegates its authority for the executive management and operations of the Group to the Group Chief Executive Officer and, through her, to the Executive Committee (subject to defined limits and monitoring by the Board).
ERM’s Executive Committee members are responsible for the strategic and operational leadership and management of the business. The Executive Committee meets monthly to discuss operational performance and ensure key strategic growth initiatives are being implemented effectively.
ERM uses delegated authority matrices to provide the framework for all decision-making and policies related to corporate governance. These include approval levels for corporate governance and project contracts.
During FY20, ERM senior Partners presented to our Board and Executive Committee on the strategic implications of climate change and the low carbon economy transition (LCET). As a result, our company is making a significant investment in this area, and we are developing global and regional plans with our Regional Leadership Teams and Account Directors across the company to support and implement this strategic direction. As one of ERM’s material sustainability topics, climate change and the LCET is integrated into our business strategy for the marketplace as well as how we manage our own operations.
For information on the governance of ERM’s sustainability program, see Sustainability at ERM.