Organisational Structure

The organisational structure of the Group is clearly defined with lines of responsibility and delegation of authority. The Board meets regularly, usually monthly, and decides the objectives and strategy and has set out the specific matters which are reserved to it for decision.

Authority is delegated to the group chief executive for implementing the strategy and for managing the Group. In discharging his responsibility, the group chief executive works with a group executive committee, comprising all the executive directors and other business unit heads, and is also assisted by a group head office team of functional specialists.

The head of each business unit has authority for management of that business unit and has established a management board comprising the most senior executives in that business unit.

All directors have direct access to the advice and services of the company secretary who is responsible to the Board for ensuring that Board procedures are followed and that applicable rules and regulations are complied with. Full Board papers are provided to all directors approximately one week before each Board or committee meeting.