Corporate governance
The Board
The Board is committed to the highest standards of corporate governance. The Board is responsible for leading and controlling the Company and has overall authority for the management and conduct of its business, strategy and development. The Board is also responsible for ensuring the maintenance of a sound system of internal controls and risk management (including financial, operational and compliance controls) and for reviewing the overall effectiveness of systems in place.
In accordance with the UK Corporate Governance Code, there is a division of the roles of the CEO, Chair and Senior Independent Director. The roles and responsibilities of the board of directors and its Committees are set out in the terms of reference of each Committee and the Board reserved matters.
The Committees
In accordance with the UK Corporate Governance Code the Board has established a number of Committees, whose terms of reference are documented below. The Committees report back to the Board on their activities at the Board meeting following the respective Committee meeting.