The Network Rail Board has delegated the day-to-day running of the company to the Executive Committee. The Committee develops the company’s strategy and objectives, and recommends this for approval by the Board. The Executive Committee is then responsible for executing this strategy and delivering the objectives. It also manages the functions of the company and some of its key activities, including leadership in, and review and/or management of, the following:
- The operational, financial, safety, health and environmental performance of Network Rail
- Performance against the top-level outputs specified by the regulator, and other regulatory matters
- Network planning and strategy
- Development of corporate key performance indicators
- Internal controls and risk management
- Business/corporate polices, and the organisational structure of the company
- Human resources policies and industrial relations matters
In addition to the Executive Committee, there sits below it a defined structure of other executive steering groups and business review panels each with their own terms of reference. These focus on specified aspects of the operational needs of the business with prescribed levels of authority.
Download Terms of Reference for the Executive Committee