Role of the Board of Directors

Board Leadership

To view the profiles of the Board directors, please see our leadership page.

The Board leads and directs the Group. It sets the Group’s purpose, defines the Group’s values, sets the strategy and monitors and assesses the Group’s culture, with the aim of securing the long-term sustainability of the business for the benefit of all stakeholders.

The Board has a formal schedule of matters reserved for its consideration and decision, which is reviewed annually. The schedule includes the approval of the Group’s strategy, material investments, annual and half year results and trading updates, review of trading performance, cash generation, financial forecasts, dividend and cash return policy, monitoring the Group’s principal risks and material issues; and ensuring appropriate and adequate financial controls are in place.

The Board continues to review its governance procedures to maintain proper control and accountability and the Company complied with the relevant Provisions of the UK Corporate Governance Code 2018 throughout 2021. The UK Corporate Governance Code 2018 is available from the Financial Reporting Council, at www.frc.org.uk

To view our Governance Report, please download our latest Annual Report.

Committees

The Board delegates certain responsibilities to standing Board Committees, each with their own primary roles and responsibilities.

Board Committees

s172 Statements

View and download our, and our subsidiary companies', section 172 statements.

Subsidiary Companies' s172 Statements

Governance Structure

Division of Responsibilities

Governance Structure