Board Composition and Role

The Board comprises the Chairman, two executive directors and two independent non-executive directors.

Short biographies of each of the directors, which illustrate their range of experience and qualifications, can be found in the Board of Directors section.

There is a clear division of responsibility at the head of the Company; Gary Kennedy (Chairman) being responsible for running the Board and Mark Cashmore (Chief Executive Officer) being responsible for managing the Group’s businesses and implementing Group strategy. The division of responsibilities between the Chairman and Chief Executive Officer has been set out in writing and agreed by the Board. The Board considers that it is of an appropriate size to oversee the Group’s businesses, with a structure that ensures that no individual or group dominates the decision-making process.

The Board is responsible for the overall strategy and performance and manages business requirements through a formal schedule of matters reserved for its decision. Such matters include:

  • overall strategic direction and management, including acquisitions and disposals;
  • approval of long-term objectives and commercial strategy;
  • approval of the annual operating and capital expenditure budgets;
  • approval of major capital expenditure;
  • approval of material agreements;
  • changes relating to the Company’s capital structure;
  • approval of the financial statements and accounts;
  • dividend and treasury policies;
  • control, audit and risk management;
  • remuneration of directors and senior managers; and
  • corporate responsibility.

Click below to view our schedule of matters reserved for the Board.

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on 18 Jul 2018

 


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