Corporate Governance

Committed to the highest standards

As a company, we remain committed to maintaining the highest standards of corporate governance. We strongly believe that good governance is at the heart of, and is fundamental to, the effective management of the business, its long term sustainability and continued success.

The Board leads the Group’s governance framework; it is responsible for setting the strategic targets for the Group, monitoring progress made, approving proposed actions and ensuring that the appropriate internal controls are in place and that they are operating effectively.

The Board is assisted by four principal committees (Audit, Corporate Responsibility, Nomination and Remuneration), each of which is responsible for reviewing and dealing with matters within its own terms of reference. The Company also has a number of executive management committees (Disclosure, General Business and Executive Board). These have been established in order to consider various issues and matters for recommendation to the Board and its principal committees or to deal with day to day matters within the authority granted by the Board.

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Conducts the Company’s business within clearly defined limits delegated by the Board Day to day operational management and implementation of strategy Oversees the disclosure of market sensitive information and other public announcements (as necessary) Determines the reward strategy for executive directors and senior managers to ensure reward is aligned to shareholders’ interests Ensures the Board has the necessary balance of skills, experience and diversity to oversee the delivery of the strategy Advises the Board on broad CR Policy taking into account the overall strategic plan and other factors Responsible for the Group’s financial reporting and effectiveness of the internal and external audit functions The Board is responsible for the performance and long term success of the Company, including health and safety, leadership, strategy, values, standards, controls and risk management. The Chairman is responsible for the leadership of the Board and for ensuring there is effective debate and challenge. We have a geographically diverse shareholder base of 40,815, comprising 4,247 institutional investors and 36,568 private investors (as at 30 September 2018). We have a geographically diverse shareholder base of 40,815, comprising 4,247 institutional investors and 36,568 private investors (as at 30 September 2018). The Chairman is responsible for the leadership of the Board and for ensuring there is effective debate and challenge. The Board is responsible for the performance and long term success of the Company, including health and safety, leadership, strategy, values, standards, controls and risk management. Responsible for the Group’s financial reporting and effectiveness of the internal and external audit functions Oversees the disclosure of market sensitive information and other public announcements (as necessary) Advises the Board on broad CR Policy taking into account the overall strategic plan and other factors Day to day operational management and implementation of strategy Ensures the Board has the necessary balance of skills, experience and diversity to oversee the delivery of the strategy Conducts the Company’s business within clearly defined limits delegated by the Board Determines the reward strategy for executive directors and senior managers to ensure reward is aligned to shareholders’ interests