Chairman

The chairman is independent. His role is to:

• promote and oversee corporate governance within the group;
• lead the board in proposals brought forward from the executive directors;
• ensure that the board remains focused on strategy;
• ensure that all matters reserved for the board are dealt with by the board in a timely manner;
• manage board meetings to ensure that sufficient time is allowed for discussion of complex or contentious issues;
• encourage active engagement by all board members;
• serve on the audit committee and the remuneration committee;
• identify and meet the development needs of the board;
• assist the CEO in his role by reviewing ideas and assisting as mentor.

Chief Executive Officer (CEO)

The CEO is responsible for managing the business of the group. His role is to:

• propose, implement and report on the strategic direction of the group including business strategy and initiatives;
• prepare and deliver to the board the strategic plan supported by financial estimates (budgets) to support the plan and then to implement it;
• prepare, deliver and implement an annual operating plan;
• review risk and bring this to the board together with how it is mitigated;
• report on progress of the plans;
• recruit, replace and ensure training and development of staff members;
• formulate proposals for remuneration of other group members;
• represent the group in dealings with shareholders and other stakeholders;
• represent the group in dealings with external entities (media, regulators etc.).