The board of Micro Focus International plc is accountable to shareholders for good governance and is committed to high standards of corporate governance. It recognises that a strong corporate governance framework consists of established and embedded procedures and processes throughout the whole Group. As part of its governance framework, the board has created and empowered four committees to support the effective delivery of its governance obligations: an audit committee, and an environmental, social and governance (“ESG”) committee, a nomination committee and a remuneration committee.
The Chief Executive Officer is accountable for the delivery of the board-approved strategic objectives, including operating within the values and standards set by the board and for implementing and maintaining appropriate internal controls and risk management activities. In turn, the CEO delegates responsibility to key operational executives and is supported by the operating committee in fulfilling these responsibilities.