WRAP is a not for profit company limited by guarantee, set up with an independent board to promote resource efficiency. We are funded by an increasing number of governments and other (not quasi) public sector organisations.
The company is not required to comply with the requirements of the Combined Code on Corporate Governance. However, the company adopts best practice and applies the relevant principles of good governance in section 1 of the Combined Code.
The Board The Board comprises the chairman, two executive directors, eight independent non-executive directors, and one appointee by Defra. The Scottish and Welsh Governments may each appoint a member of the board.
The Board is responsible for:
determining the company’s strategy
approving the medium term business plan and annual budget
monitoring the company’s performance and risks
examining the health and safety issues of the company
Executive Committee The Executive Committee comprises the chief executive officer and the senior executive team. The committee is responsible to the Board for day-to-day operations.