As a private company, The Economist Group is not bound by the Listing Rules of the Financial Services Authority to report on compliance with the UK Corporate Governance Code. However, the Group has always sought to run its corporate affairs in line with best practice and therefore follows the main principles of the UK Corporate Governance Code as closely as is reasonably practicable and useful to shareholders.
The Board currently comprises eight non-executive directors and three executive directors. The non-executive directors have a breadth of successful commercial and professional experience and they exercise independent judgment. Rona Fairhead was, until April 30th 2013, chairman and chief executive of the Financial Times Group and an executive director of Pearson plc. Luke Swanson is director of communications of Pearson plc. Lady Lynn Forester de Rothschild and her spouse, Sir Evelyn de Rothschild, as well as John Elkann, are each interested in a significant number of shares. The Board is chaired by Rupert Pennant-Rea.