The Board engages in a robust process annually to review and approve the Group’s strategy. The Board and executive team undertook a detailed review of strategy in September. The strategy will continue to be subject to internal, annual reviews, with external input periodically when appropriate.
A draft budget and strategic plan, to implement the strategy over the next five years, is prepared by the executive team and presented to the Board in November each year.
The Board provides comment and challenge and, ultimately, approves the plan subject to whatever consequent amendments are considered appropriate.
Read our full Governance report:
Directors’ remuneration policy:
Key responsibilities of the Board, Committees and individual roles:
Terms of reference: