The Board is responsible to shareholders for the direction, management, performance and long-term success of the Group. It sets the Group’s strategy and objectives and oversees and monitors internal controls (in conjunction with the Audit Committee), risk management, principal risks, governance and the viability of the Company. In doing so, the Directors comply with their duties under section 172 Companies Act 2006.

To ensure the Directors maintain control over strategic, financial, operational and compliance matters, the Board meets regularly during the year and has formally adopted a schedule of matters to be brought to it for decision.