The Partnership was founded by John Spedan Lewis in and exists because of his extraordinary vision and ideals.

He transferred ownership of the Company into a trust to be held for the benefit of its members under two Settlements in and The business became known as the John Lewis Partnership and the members, its employees, became known as Partners.

The Partnership is governed according to its written Constitution, its Articles of Association and the Companies Act.

It also complies with the Listing Rules and Disclosure and Transparency Rules applicable to a Standard Listed company on the London Stock Exchange LSE. The Partnership voluntarily seeks to apply the UK Corporate Governance Code the Code , issued by the Financial Reporting Council, dated June and amended October , except where its co-ownership model, enshrined in its Constitution, establishes its own governance mechanisms.

The Constitution's Principles define the Partnership's aims and ultimate purpose and its Rules are statements of general policy. The Constitution provides a framework of governance and delegation of authority to safeguard the Partnership's future, to enhance its prosperity and to ensure its integrity.

The Code provides a guide in general terms to principles, structure and processes for good governance suitable for companies with external shareholders and other stakeholders. A full explanation of the Partnership's 'comply and explain' position, in relation to the Code is set out in its Governance Report of its most recent annual report and accounts.

Source documents for the Partnership's governance mechanisms can be found following the links below:.

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Governing authorities The Partnership Council, Board and the Chairman make up the Partnership's governing authorities. Partnership Board The Partnership Board is responsible for the management of the Partnership's commercial activity. Partnership Board Committees The Partnership Board is aided in carrying out its supervisory and assurance responsibilities by its committees.

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Financial reports The John Lewis Partnership Annual Report and Accounts was published on Tuesday 9 May Home Shop About us Financials Media Our responsibilities Working for us Resources. Our founder BBC broadcast The Partnership Spirit The Partnership Governance Our structure Governing authorities Partnership Council Partnership Board Partnership Board Committees Chairman Management bodies The Executive Team Democratic bodies The Partners' Counsellor John Lewis Partnership Trust John Lewis Management team Products and services Contact John Lewis Waitrose Management team Products and services Contact Waitrose Group Our Constitution Our principles Our strategy Our heritage Heritage Centre Collections Research Community Our history Print Bookmark.

Source documents for the Partnership's governance mechanisms can be found following the links below: The Constitution The Code - available at www. Matters Reserved for the Partnership Board PDF size: Audit and Risk Committee PDF size: Related Governing authorities The Partnership Council, Board and the Chairman make up the Partnership's governing authorities.

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