Corporate governance

The Board is committed to the highest standards of corporate governance, from working with management with transparency and integrity, to supporting delivery of Kingfisher’s strategy for the benefit of the Company, our shareholders, and wider society.

Governance Framework

Our structured framework, comprising of the Board and its Committees, enables the Company and our directors to work effectively. This includes the Board of Directors, the Board's Audit, Nomination, Remuneration and Responsible Business committees, and the Group Executive. We also have a policy on Board Inclusion and Diversity to assist the Board, through the work of the Nomination Committee, in creating and maintaining optimum Board and Committee composition.

Further detail can be found here. Our governance structure can be found on page 68 of the Annual Report 2023/24.

Corporate Governance Statement

Our Corporate Governance Statement, available here, provides a detailed account of how the Company has applied all the principles and complied with the provisions of the UK Corporate Governance Code during the year ended 31 January 2024, and supplements the information provided in the Annual Report 2023/24. This includes further detail on the activities of the Board and its Committees, and the Company’s approach to risk management and internal control and stakeholder engagement.

Directors’ Duties and Section 172

The Board and the company spend time considering our impact on our stakeholders, where appropriate. The Board fully recognises the importance of all our stakeholders in successful operation of the business. Remaining mindful of our Companies Act 2006 (the ‘Act’) section 172 (1) responsibilities, the needs and concerns of our stakeholders continue to be an intrinsic part of our decision-making processes.The Company’s section 172(1) Statement is set out on page 17 of the Annual Report 2023/24. Pages 17 to 23 set out further consideration of each of our key stakeholders and examples of how they have been engaged during the year.

Section 172 statements for the Group’s subsidiaries captured by The Companies (Miscellaneous Reporting) Regulations 2018 Regulations can be found here.

External Auditors

More information on the Company's auditor, Deloitte LLP is available in the Audit Committee's report in the Annual Report 2023/24.

The Company's policy on the use of the external auditor for non-audit work can be found here.