Corporate Governance.

We are committed to the highest standards of corporate governance and we regularly review our governance structures and arrangements

Our Board is responsible for the leadership, oversight, control, development and long-term success of the Company. It is also responsible for instilling the appropriate culture, values and behavior throughout the organization. There is a formal schedule of matters reserved to our Board for consideration and discussion, including:

• Succession planning, including the appointment of the Chief Executive Officer;
• Setting the Company’s strategy;
• Monitoring business performance against approved targets;
• Approval of acquisition proposals and capital expenditure projects above agreed thresholds;
• Setting the Company’s capital allocation policy, including in relation to the level of dividend payments and activity under the Company’s share buyback program; and
• Setting the risk appetite for the Company and ensuring that risks are being managed appropriately

Biographical details of each Director can be found in the Our Leadership section. A non-management Director’s term of office is subject to his/her individual re-election by shareholders each year.