Our Governance report, introduced in 2020 for the first time, aims to provide a greater sense of who we are, and to emphasise the importance of our Trust ownership and its impact on our culture and the values that shape our actions. It provides a useful perspective on how the many different elements of our firm fit together, from our values-driven focus on sustainable development, to the way we approach lifelong learning through the Arup University, to the way we’re structured.
We apply our own corporate governance framework, that is based upon the same principles of good governance and long-term sustainable success as those reflected in the UK Corporate Governance Code 2018 (the "Code"), throughout Arup Group ("Arup") and all its subsidiaries. We have chosen to report against the principles and provisions of the Code in order to fully explain our governance framework against a recognised benchmark while also highlighting our unique trust ownership structure with no external shareholders.
Subsidiary company reporting
The governance and s172 statements for UK registered subsidiaries under the Companies (Miscellaneous Reporting) Regulations 2018 are as follows: