Our Operational Framework sets out the principles of good governance which, together with our culture, guide our work and behaviour in support of the strategy set in our Group strategic framework. The Operational Framework sets out our approach and the standards to which we adhere. How we conduct our business is fundamental to the success of BAE Systems. The UK Corporate Governance Code’s (the Code) principles are embedded in the Operational Framework, and its policies and processes underpin all the disclosures made by the Board pursuant to the Code’s provisions. Our Purpose connects with our strategy and culture. The Board has established the Company’s Purpose that recognises we have an important role in society. It sets out how we do business across BAE Systems and encapsulates our values, policies and processes, together with clear levels of delegated responsibility aimed at ensuring that all of our employees and businesses act in a clear, accountable and consistent manner. The Board has put in place a detailed governance framework, the Operational Framework. S172(1) statements and corporate governance statements.
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