Board Committees
The Board delegates certain responsibilities to its Committees, so that it can operate efficiently.
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The Board take seriously their responsibility for the proper management of the Company, achieving a high standard of corporate governance, and engaging with our shareholders and wider stakeholders
The following pages describe how this is carried on through the work of the Board and its Committees.
Board composition
The Board comprises eight Directors, the Non-Executive Chair, five Non-Executive Directors and two Executive Directors, with a mix of skills, capabilities, experience and personal qualities. As announced on 9 October, 2025, it is intended that Uyi Akpata will join the Board as an independent Non-Executive Director on 1 July 2026.1
Governance framework
The Board has overall responsibility for the Company’s purpose, strategy, business model, performance, capital structure, approval of key contracts and major capital investment plans, the framework for risk management and internal controls, governance matters and engagement with shareholders and other key stakeholders.
The Board remains committed to understanding the needs of our shareholders and wider stakeholders and it always considers how the Board’s decisions impact them in the longer term. In the Section 172 statement of our latest Annual Report and Accounts we explain who the key stakeholders are and how the Directors engage with them. The Board’s full responsibilities are set out in a formal schedule of matters reserved for its decision. The schedule of matters reserved for the Board was updated in December 2023.
Board Committees
The Board delegates certain responsibilities to its Committees, so that it can operate efficiently and give an appropriate level of attention and consideration to relevant matters.
Audit and Risk
Responsible for reviewing and challenging the process and identification of risks and opportunities and risk mitigant structures across the Company and its subsidiaries, reviewing the financial reporting and audit processes, monitoring, overseeing and assessing compliance policies, procedures, systems and controls, and assessing the external auditor’s performance and objectivity.
Remuneration
Responsible for determining and agreeing remuneration policies for the Board, Executive Directors, Senior leadership team, staff and workforce, and aligning remuneration, benefits and rewards to achieve the company’s goals, strategy and values.
Compliance
Responsible for supporting the Board in fulfilling its responsibilities to promote and oversee legal compliance across all business activities and operations of the Company and its subsidiaries, and to communicate the Board’s commitment to compliance to the Group’s staff, contractors and other stakeholders.
Health, Safety, Environment & Security
Responsible for overseeing the management of safety and operational sustainability and the systems and processes deployed to enable focus on the most potentially material matters in delivering the Company’s goals for safe, secure, and sustainable business.
- Uyi Akpata joined the Company as a Board Advisor from 1 January 2026 and is expected to be appointed as a Non Executive Director on 1 July 2026, following the completion of a two-year "cooling off" period (required under the ethical standards of the Financial Reporting Council) having retired from PwC on 30 June 2024.
