The operational management of the Business is delegated by the Board to the Group Chief Executive, who uses several Committees to assist him in this task.
The role of the Executive-level Committees is set out below.
Group Executive Committee
The Committee meets eleven times a year and is responsible for: developing and implementing strategy, operational plans, policies, procedures and budgets; monitoring operating and financial performance; assessing and controlling risk; and prioritising and allocating resources.
Group Finance Committee
The Committee meets eleven times a year to review monthly operating results and examine capital expenditure projects.
Risk Management Committee
The Committee meets quarterly to evaluate and propose policies and monitor processes to control business, operational and compliance risks faced by the Group, and to assess emerging risks.
Group SHEQ Steering Committee
The Committee meets quarterly to monitor progress against the Group safety, health, environmental and quality objectives and targets, review safety performance and audits, and determine the requirement for new or revised SHEQ policies, procedures and objectives.
Group Ethics Committee
The Committee meets quarterly in support of our culture of integrity, honesty and openness, and to promote the importance of ethics and compliance across the Group and amongst our supply chain partners.
The Committee meets quarterly to further develop the Group sustainability practices throughout the organisation and to monitor progress towards achieving our Commitment, It comprises a diverse group of leaders representing all aspects of our business and each Committee member is the champion for one or more of the KPIs in Our Commitment.
Routine Business Committee
The Committee comprises the Group Chief Executive and Group Financial Director, with the Group General Counsel and Company Secretary and Group Financial Controller acting as alternates. The Committee attends to business of a routine nature and to the administration of certain matters, the principles of which have been agreed by the Board or the Group Executive Committee.