The Board is responsible for steering the Group’s purpose, culture and values, for setting the Group’s strategic priorities and overseeing their delivery in a way that enables sustainable long-term growth, while maintaining a balanced approach to risk within a framework of effective controls. It has a schedule of key matters that is aligned with the Group’s delegated authority framework. The Board is assisted in its decision-making by delegating certain responsibilities to the Board Committees.

Details of the Board of Directors can be found here.

Matters Reserved to the Board.

Assists the Board in its oversight and monitoring of financial reporting, monitors and reviews the effectiveness of the Group’s internal controls and risk management, and assesses the independence and objectivity of internal and external audit.

Audit and Risk Committee Terms of Reference. 

Agrees the remuneration framework for the Executive Directors, Executive Committee and the Chairman and oversees the remuneration policies for the wider organisation. It ensures the remuneration policy remains appropriate and in line with regulatory changes.

Remunerations Committee Terms of Reference.

Reviews the structure, size and composition of the Board and its Committees (including skills, knowledge, diversity and experience) and advises on the Board succession planning and that of the Executive Committee.

Nominations Committee Terms of Reference.

Responsible for supporting the CEO in the exercise of his delegated authority from the Board and the day-to-day operations of the Group. This includes financial performance, health and safety and the delivery of the Company’s priorities, as set by the Board. The Divisions support the Executive Committee on the delivery of the strategic priorities and financial performance.

Details of the Executive Committee can be found here.