The Company's board of directors ("the Board") meets regularly throughout the year to review operational matters, as well as corporate strategy, investment projects and financial planning.
Matters specifically reserved for the attention of the Board include:
In addition to the regular programme of Board meetings, the Chairman meets separately with the non-executive directors.
The Board takes proper account of the relevant governance regulations and best practice in formulating the systems and procedures in operation in the Group. Reporting to the Board, the Audit Committee periodically reviews the risk profile of the business to identify any deficiencies in the controls operating over all aspects of the Group. The Board will require further risk assessments during the year, should the need arise. The risk assessment will incorporate a review of the Company's internal controls, taking into consideration the findings and recommendations of the Auditors.