The Board remains committed to strong and appropriate corporate governance, supporting the principles and provisions contained in the UK Corporate Governance Code 2018 (the "Code").
The Role of the Board
The primary responsibility of the Board is to promote the long-term success of the Company and to look after the interests of all of its stakeholders. The Board has responsibility for the management, direction and performance of the Group and is committed to delivering the Group’s strategy through meaningful engagement with all stakeholder groups.
The Board is the decision-making body for all matters material to the Group’s finances, strategy and reputation. The powers of the Company’s Directors, as well as the rules relating to the appointment and removal of Directors, are set out in the Company’s Articles of Association.
Board composition and structure
The Group is led by a Board of Directors, selected to ensure an appropriate balance of Executive and Non-Executive Directors, skills, experience, independence and knowledge of the Group to enable it to discharge its duties and responsibilities effectively.
The Board has three permanent Committees being the Audit Committee, the Nomination Committee and the Remuneration Committee. Membership of the Committees is comprised solely of independent Non-Executive Directors. The terms of reference of the Board Committees are available via the links below.