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