- An effective Board leads and controls the Company and has a schedule of matters reserved for its approval.
- The Board is specifically responsible for:
- development and approval of the Company’s strategy and its budgetary and business plans;
- approval of significant investments and capital expenditure;
- approval of annual and half-year results and interim management statements, accounting policies and the appointment and remuneration of the external auditors;
- changes to the Company’s capital structure and the issue of any securities;
- establishing and maintaining the Company’s risk appetite, system of internal control, governance and approval authorities;
- executive performance and succession planning;
- determining standards of ethics and policy in relation to health, safety, environment, social and community responsibilities;
- disclosure to the market and shareholders.
- Strategy is continually monitored and reviewed by the Board.
