Board responsibilities

Responsible for:

• the leadership and overall effectiveness of the Board and for upholding high standards of corporate governance throughout the Group and particularly at Board level;
• setting the Board agendas with the Company Secretary and CEO and the recommendation of an annual Board and Committee meeting schedule;
• promoting a culture of openness and debate, in particular by facilitating the effective contribution of Non-Executive Directors, and ensuring constructive relations between Executive and Non-Executive Directors; and
• ensuring effective communication with shareholders, including in relation to governance, remuneration and strategy.

Responsible for:

• leadership of the Global Leadership Team in the executive management of the Group;
• the development of the Group’s strategy, annual budget and business plans and commercial objectives with the Board;
• setting an example and communicating to the Group’s employees the expectations of the Board in relation to the Group’s culture, values and behaviour;
• ensuring appropriate, timely and accurate information is disclosed to the market; and
• managing the Group’s risk profile in line with the extent of risk identified as acceptable by the Board and ensuring appropriate internal controls are in place.

Responsible for:

• being available to shareholders if they have concerns, which contact through the normal channels of the Chairman, CEO or other Executive Directors has failed to resolve;
• attending meetings with and listening to the views of major shareholders as required;
• providing a sounding board for the Chairman and acting as an intermediary for shareholders when necessary; and
• meeting other Non-Executive Directors without the Chairman present once a year to appraise the Chairman’s performance.

Responsible for:

• all aspects of finance including financial planning, tax, treasury and procurement;
• investor relations;
• working with the CEO to develop and implement the Group’s strategic objectives, annual budget and business plan; and
• ensuring effective financial compliance and control.

Responsible for:

• providing objective and constructive challenge to management;
• assisting with the development of strategic proposals; and
• scrutinising and monitoring financial and operational performance and the Group’s risk management framework.

Responsible for:

• being available to all Directors to provide advice and assistance;
• providing governance advice; and
• ensuring compliance with the Board’s procedures and with applicable laws and regulations.