Currently the Board comprises an Executive Chairman, the Chief Financial Officer and three Non-Executive Directors.
The Board are given access to independent professional advice, at the Group’s expense, when the Board deem it necessary in order for them to carry out their responsibilities.
The Board holds regular, scheduled meetings and informal meetings as required. There were thirteen Board meetings in the year (fifteen in 2013), which includes regular site visits.
New Non-Executive Directors are provided with an induction programme to familiarise them with the Group. The Non-Executive Directors have met separately several times during the year.
The Board has agreed a schedule of matters reserved specifically for its decision which include:
Regular reports and papers are circulated to the Board in a timely manner in preparation for the Board Meetings. These papers are supplemented by information specifically requested by the Board from time to time. The Board also receive monthly management accounts and regular management reports and information that enable them to review the Group’s and management’s performance against agreed objectives.
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