Corporate governance

Key matters reserved for the Board:

• Purpose

• Strategy

• Setting the Group’s culture, standards and values

• Internal controls and risk management

• Financial reporting and viability

• Capital and liquidity

• Board and Committee appointments

• Corporate governance matters

• ESG & stakeholder matters

• Material contracts.

View the Schedule of Matters Reserved for the Board here.

Chair

• Leads the Board, facilitating the contribution of all Directors and promoting an open and constructive relationship between the Executive and Non-Executive Directors
• Ensures the effectiveness of the Board
• Oversees the development of the Group’s purpose, values and culture
• Promotes high standards of corporate governance
• Available to shareholders and fosters dialogue with other key stakeholders.

Senior Independent Director

• Acts as a sounding board for the Chair and leads the evaluation of his performance
• Serves as a trusted intermediary for other Non-Executive Directors
• Available to shareholders, particularly when their concerns have not been resolved through other channels.

Non-Executive Directors

• Contribute to the development of the strategy and scrutinise its execution by management
• Provide both objective and constructive challenge, and support, to the development of Board proposals and the performance of management. Monitor management’s progress against agreed
  performance objectives.

Employee Engagement Director

• Facilitates two-way communication between the Board and the workforce through a programme of engagement initiatives
• Enhances the voice of the workforce by feeding their views into the Board decision-making process.

Chief Executive Officer

• Responsible for the day-to-day management of the Group
• Develops the strategy and commercial objectives for approval by the Board, and leads the management in delivering them within the risk appetite approved by the Board
• Promotes the embedding of the Group’s culture throughout the organisation
• Leads the relationship with institutional investors and other stakeholders.

Chief Financial Officer & Chief Operating Officer

• Manages the Group’s financial and operational affairs and supports the CEO in the management of the Group
• Alongside the CEO, represents the Group in meetings with institutional shareholders and other stakeholders.
• In conjunction with the CEO, takes responsibility for overseeing all ESG matters.

View the Roles of the Chair, Chief Executive Officer, Senior Independent Director and Employee Engagement Director here.

• Acts as first point of contact for the Chair and Non-Executive Directors, and facilitates the induction of new Non-Executive Directors
• Facilitates information flows between the Board and its Committees, and between management and the Board
• Advises the Board on all governance matters and ensures good governance practices throughout the Group.

• Assists the CEO in running the business and delivering the strategy
• Develops and implements strategy and goals, operational plans, procedures and budgets, and monitors business performance (including competitive pressures)
• Oversees the assessment and control of risk.