Chairman and Group Chief Executive’s Responsibilities

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

Chairman’s responsibilities

• Responsible for overall leadership, governance and effectiveness of the Board 
• Provides the Board with insight into shareholders’ various objectives 
• Promotes a culture of openness, challenge and debate in meetings 
• Maintains an effective working relationship with the Group Chief Executive and facilitates constructive relationships and communication between the Non-Executive Directors and Executive Directors and senior management
• Helps set the tone from the top re culture, values and standards for the whole organisation
• Identifies 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
• 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