na
na
na
2025 Sovereign Collection
Register Now
2025 Sovereign Collection
Register Now

The Board is a board of oversight. In the terms of the Combined Code its role is:

'to provide entrepreneurial leadership of the company within a framework of prudent and effective controls which enables risk to be assessed and managed. The board should set the company's strategic aims, ensure the financial and human resources are in place for the company to meet its objectives and review management performance. The board should set the company's values and standards and ensure that its obligations to its shareholders and others are understood and met.'

Membership

Non-executive Chairman Chief Executive Chief Operating Officer Director of Finance Non-executive directors

Roles and Responsibilities

  • Interaction with the Executive Board in development of strategy
  • Compliance with statutory requirements and combined code guidelines
  • Scrutiny of financial accounts through the audit committee of the Board
  • Approval of annual plans
  • Oversight of corporate risk register
  • Approval of capital expenditure
  • Oversight of operating performance
  • Development of remuneration systems for executive directors, including performance related pay
  • Performance appraisal of executive management plus succession planning
  • Approval of senior executive appointments or, where appropriate, recommendation of appointments to Shareholder Executive/Minister
  • Approval of all profit related pay schemes below director level
Audit Committee - Terms of Reference

Audit Committee - Terms of Reference

To give advice to the Board of Directors (and to the Accounting Officer) on the adequacy of audit arrangements

Read more
Executive Management Team - Terms of Reference

Executive Management Team - Terms of Reference

The Executive Management Team has primary responsibility for the day-to-day management of the business.

Read more
Nominations Committee – Terms of Reference

Nominations Committee – Terms of Reference

The Nominations Committee will comprise all the Non-Executive Directors. The Chairman of the Board will chair the Nominations Committee.

Read more
Remuneration Committee – Terms of Reference

Remuneration Committee – Terms of Reference

The Remuneration Committee will consist of 3 Non-Executive Directors, 1 of whom will be appointed Chair of the Committee.

Read more
Feefo logo