We recognise the value of transparency around organisational governance, how businesses are led and managed, and how stakeholder considerations are reflected in decision making, and our Governance report provides insight into Arup’s approach in these areas. Introduced for the first-time in 2021, it aims to provide a greater sense of who we are, including the importance of our Trust ownership and its impact on our culture and the values that shape our actions, as well the key activities and decisions during the year.
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:
Governance Statement and s.172 Statement