About Us

Corporate Governance

STV Group plc is fully committed to the higest standards of Corporate Governance, believing that such standards are vital to overall business integrity and performance and considers it crucial that it conducts itself honestly, transparently and responsibly.

The Matters Reserved for the Board, and the Memorandum and Articles of Association are available to download below.

Schedule of matters reserved for the Board

Articles of Association

Memorandum of Association
The Board considers risk management to be a key business discipline designed to balance risk and reward and to protect the Group against uncertainties that could threaten the achievement of business objectives. The Risk Management Policy and Framework together with STV’s Risk Appetite are available to download below.

Risk Management Policy

Risk appetite
The Business Ethics policy sets out STV’s charter for ethical business conduct.  It is supported by a range of internal policies, which are either incorporated into employee contracts of employment, or are published in the Policies section of Connect, the STV intranet.  In addition, STV’s competencies, which are used in the review of employee performance, define the required standards of ethical behaviour.
STV believes that implementation of the ethics policy: 
  • promotes a culture of ethical behaviour throughout the organisation 
  • sets clear standards for employees 
  • makes good business sense 
  • protects our integrity and enhances our reputation
  • supports the principles of good corporate governance.
The full business ethics policy is found below.

Business Ethics Policy

STV recognises that it is in the interests of both employees and the company to encourage a culture of openness and transparency. The policy of STV Group plc is to ensure that employees can raise their concerns without fear of victimisation or detriment. Employees are therefore encouraged to report any wrongdoing by the Company or its employees that falls short of this policy and its principles.  Details are set out in the Whistleblower policy which is found below.

Whistleblower policy

The Directors’ Remuneration Policy is determined by the Company’s Remuneration Committee and was approved by shareholders at the 2018 Annual General Meeting. The policy is available in full below.

Remuneration Policy 2021

Section 172, Companies Act 2006 states the duty to promote the success of the company.  A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to —
  1. the likely consequences of any decision in the long term,
  2. the interests of the company's employees,
  3. the need to foster the company's business relationships with suppliers, customers     and others,
  4. the impact of the company's operations on the community and the environment,
  5. the desirability of the company maintaining a reputation for high standards of business conduct, and
  6. the need to act fairly as between members of the company.
STV’s S.172 statement can be found below and sets out how the Board has discharged its duties.

S.172 statement
These documents are available to view online as PDF documents. In order to view these documents you must have Adobe Acrobat Viewer installed on your PC. Adobe Acrobat Viewer can be downloaded, for free, from the following address: http://get.adobe.com/reader/.