Investors
Directors
The Board currently comprises the Executive Chairman, two divisional managing directors, and two non-executive Directors. The Group Financial Controller attends Board Meetings in his capacity as Company Secretary. Due to the size of the company, the Directors do not believe that additional non-executive directors would be beneficial. The Directors will however review the position on a regular basis.
The composition of the Board is reviewed regularly. Appropriate training, briefings, and induction are available to all Directors on appointment and subsequently as necessary, taking into account existing qualifications and experience.
Executive Director’s normal retirement age is 60 and Non-executive Director’s normal retirement age is 65. One third of all Directors are subject to annual reappointment by shareholders.
The Board meets on average at least once a month and additional meetings are held each year to review and approve the Group’s strategy and financial plans for the coming year. Each Director is provided with sufficient information to enable them to consider matters in good time for meetings and enable them to discharge their duties properly. There is a formal schedule of matters reserved for the Board’s decision.
All Directors have access to the advice and services of the Company Secretary, who is also responsible for ensuring that Board procedures are followed. There is also a procedure in place for any Director to take independent professional advice if necessary, at the Company’s expense.
To find out more about our directors, see the People page.