The Board has three standing committees. You can download their terms of reference here:
The constitution of the Company is described in its Memorandum and Articles of Association.
The Combined Code requires that there should be a clear division of responsibilities between the running of the board and executive responsibility for the running of the business, so that no one person has unrestricted power.
The board has met this requirement by establishing clearly defined roles for the chairman and chief executive. This division of responsibilities is set down in writing and agreed by the board. The chairman is responsible for the leadership of the board, ensuring its effectiveness and setting its agenda. Once the strategic and financial objectives have been agreed by the board as a whole, it is the chief executive’s responsibility to ensure their delivery. The chief executive is obliged to comply with a practical schedule of matters requiring board approval before implementation; this schedule is reviewed at least annually.
For further information please read the Division of Responsibilities between Chairman and Chief Executive Officer.
