The Board is collectively responsible for promoting the long term sustainable success of the Company, generating value for shareholders, other stakeholders, and contributing to wider society.
The Board sets the Group’s purpose, strategy and values, and ensures that these are aligned with the overall culture of the Group.
The Board sets the Group’s risk appetite and satisfies itself that financial controls and risk management systems are robust, while ensuring the Group is adequately resourced.
It also ensures there is appropriate dialogue with shareholders on strategy and remuneration.
The Board’s main responsibilities are included in a schedule of matters reserved for the Board.
The Board has delegated certain responsibilities to three Committees to assist it with discharging its duties. The Committees play an essential role in supporting the Board to implement its strategy and provide focused oversight of key aspects of the business.