Chairman and Group Chief Executive’s Responsibilities

Division of responsibilities between the roles of the Chairman and Group Chief Executive

Chairman’s responsibilities

• Overall leadership, governance and effectiveness of the Board
• Sets the agenda, style and tone of Board discussions, with a particular focus on strategic matters
• Maintains an effective working relationship with the Group Chief Executive
• Provides the Board with insight into shareholders’ various views, opinions and objectives
• Ensures each Non-Executive Director makes an effective contribution
• Identifies, with the Company Secretary, the training and development needs of the Directors
• Chairs the Nominations Committee, taking a lead role in succession planning

Group Chief Executive’s responsibilities

• Develops the Group’s strategy for consideration and approval by the Board and provides effective leadership of the executive team in implementing the same
• Manages and develops the Group’s operations and business model
• Leads and manages the Group’s culture, values and expected levels of behaviour
• Communicates, with the Group Finance Director, the Group’s financial performance and strategic progress to investors and analysts, and establishes and services relationships with key stakeholders
• Develops and implements policies integral to improving the business, including safety and the environment
• Ensures the Board is kept fully appraised of the Group’s performance, issues, events and developments