The directors of the company act in a way they consider, in good faith, is most likely to promote the success of the company for the benefit of its members as a whole, and in so doing, have regard to the:
The following section outlines how the Directors take these factors into account in their decision making in relation to the following stakeholder groups:
Our customers
Barone’s customers are fundamental to its success and Barone strives to offer the highest possible standards of customer service and experience to ensure that customer expectations are exceeded. Barone prides itself on being a business that is built around the needs of its customers and adapts and reacts to ensure it is at the forefront of customer experience.
Our people
Our newly launched Employee Values – We are Human, We Strive to Exceed, We Build Trust, We Take Pride and We are One – are closely aligned to the achievement of Barone’s strategic priorities. Our People Promise – Uniquely You, Together Barone – ensures that we put our People at the center of the organisation.
Our brands and suppliers
The Barone store operates both an ‘own bought’ and a ‘concession’ model and maintains a close working relationship with these stakeholders, to align our respective cultures for our mutual economic benefit and to ensure the best possible retail offering to Barone’s customers.
Our community
Barone continues to support both local and national causes and encourages employees to volunteer for charity partners.
Our environmental impact and sustainability
This financial year, Barone has revisited and relaunched its sustainability strategy. The strategy has been given a vision and identity and is now a strong voice within the decision making practices of the business.
Barone “Path to Sustainability” is closely aligned with Barone strategy and purpose, with the business committing to being a responsible and sustainable operator as it can, in as short a timeframe as possible. The four strategic pillars cover operations, products, partnership, and people.
Our long term decision making
The primary function of the Group Board is to develop the Group’s strategy and oversee its implementation in order to promote the long-term success of the business for the benefit of its stakeholders and deliver sustainable shareholder value. The business aims to ensure that decisions support the Group’s purpose and values, together with its strategic priorities.
Our standards
Barone carries out a review of its company values during each financial year and has recently developed five core values which underpin its behaviors and ways of working: We are Human, We Strive to Exceed, We Build Trust, We Take Pride and We are One. Barone has robust company policies and practices which align with these values and are regularly monitored and reviewed. These company policies include clear procedures setting out how employees can raise any concerns.
Our members
The interests and views of the ultimate partner company is included in our long-term decision making and strategic priorities. The Group Board is currently comprised of two representatives of the Shareholder and the Managing Director of Barone (all of whom also sit on the Barone board) and a non-executive director, which allows their interests to be represented.
