Establish their company's purpose, strategy and values and satisfy themselves that these are aligned to their company's culture and aimed at achieving long-term success for the company

Consider the practices and processes that to be put in place to ensure an effective interaction with the company's employees, customers, suppliers and wider stakeholders

Develop effective policies to ensure diversity (gender, social and ethnic backgrounds, cognitive and personal strengths) on the board within the management team and in the management pipeline

Ensure that appointments to boards are based on merit and objective crtieria to avoid group think

Includes new requirements for the board to consider the needs and views of a wider range of stakeholders, integrity and corporate culture, diversity and how the overall governance of the company contributes to its long-term success

This section concentrates on the role and responsibilities of the board as a whole

This section focuses on the division of responsibilities between the Chair and the CEO, the make up of the board and the role of the NEDs

Talks about the selection and appointment process for directors and committee members. It also outlines the requirements for annual evaluation of the board, its committees and individual members

This section focuses on the internal and external audit functions and on the establishment of procedures to manage risk and oversee internal controls

This section concentrates on the process for developing and overseeing a remuneration policy for directors and senior executives

The justification for any non-compliance should set out the background, provide clear rationale for the action the company is taking and explain the impact the action has had. Any action that is time bound should also state the time limit for completion