Responsible for the overall conduct of the Group’s business including our long-term success; setting our values, standards and strategic objectives; reviewing our performance; and ensuring a successful dialogue with our shareholders.

During 2017, an internal Board evaluation exercise was conducted, which involved written questionnaires for all Directors and individual interviews, during which Board members were invited to evaluate and comment on the operation of the Board and its Committees. The results were collated into a report which was then submitted to the Board, setting out the principal issues raised and suggesting appropriate action points. The principal issue raised in the 2017 performance evaluation was Board and Executive succession planning, which was discussed at the September 2017 Board meeting.

Based on the feedback received, the Board concluded that the Board and its Committees continue to operate effectively. A list of specific actions was agreed to address the comments made by Directors, including the continued improvement of senior management succession plans. The performance of individual members of the Board were also evaluated, further details of which can be found in the 2017 Annual Report.

As required every three years for FTSE 350 companies under the UK Corporate Governance Code, the Group is currently undergoing an externally facilitated Board evaluation, the results of which will be reported on in the 2018 Annual Report.

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