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Representation from TWI, Industrial and Professional Members enable TWI to set and deliver the strategic aims of the business in line with our company mission.
While corporate governance is important in delivering TWI’s long-term success, it is also written into the UK legal system under the UK Corporate Governance Code as it seeks to improve transparency, accountability and promote the values of a business as a whole.
Within the bounds of TWI, corporate governance involves matters such as our corporate and social responsibility, minimising our impact on the environment, and sustainable procurement. These factors also need to be balanced with effective leadership and accountability to maintain confidence while pushing a continued improvement in standards, decision-making and policy.
An important aspect of our day-to-day activities, it has been shown that companies who are well governed also perform better commercially.
TWI is governed by a Council consisting of elected representatives from Member companies and Professional Members. This council and its various committees represent the interests of TWI stakeholders:
The Finance and General Purposes Committee, which is supported by Audit and Remuneration Committees, controls financial affairs and business strategy
The Research Board, comprised of leading members of industry oversees the Core Research Programme and offers guidance on research strategy and direction
The Professional Board, made up of Professional Members of the Welding Insititute, oversees regulations concerning individual membership and Engineering Council registration as well the work of the Branch Management Committee
The Certification Management Board, comprising industry representatives and other key stakeholders, oversees the activities of TWI Certification Ltd, which ensures the independent delivery of our certification services in line with international standards.
Aside from these groups, the Executive Board leads corporate planning, while cascading leadership and management responsibilities across the business and developing strategies for improvement and the protection of the TWI brand.
The Executive Board is made up of TWI Executive Directors, external Non-Executive Directors and TWI Associate Directors, chaired by a Chief Executive. This board manages TWI’s business with a duty of fiduciary care and is accountable to the Council, boards and committees, providing a robust governance and audit trail. In this regard, the Executive Board is linked to the Council through the Research Board for research matters, the Professional Board for professional institute matters, and the Finance and General Purposes Committee and Audit and Remuneration Committees for financial and strategic matters.
For more information on our corporate governance and structure, please email email@example.com.
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