The Board

Responsibilities

Long term success of the company

Creating wealth for shareholders

benefiting the community

Make sure appropriate resources are available to meet objectives and review performance + creating and monitoring controls to review and manage risk

Ensure satisfactory dialogue with shareholders and stakeholders takes place

Company purpose

Consider strategy to generate wealth over the long term and report on opportunities and risks to continued success of business

Pay attention to the workforce and assess if the culture is appropriate for policies and procedures that are aligned to the company's purpose, values and strategy

Engaging with the workforce

Formal whistle-blowing policy should be in place

Director appointed from workforce

Formal workforce advisory panel

Any concerns reviewed and followed up by board

Desiganted NED

The Chair

Ensure views of the shareholders are communicated to the stakeholder

Discuss governance and strategy with major shareholders

Senior independent director should attend sufficient meetings to develop an understanding of the issues and concerns of major stakeholders

Directors must record any concerns in the board meeting minutes

Identify any conflict of interest and ensure they do not compromise objectives

The chairs of the audit, remuneration and nomination committees should engage with SH with regard to their responsibilities

If an NED resign they must provide a written statement with concerns to the chair which will be circulated to the board

If more than 20% of shareholders vote against a board recommendation. The board must provide an explanation of what steps they will take to understand the shareholder's concerns. the views received and action taken must be published within 6 months.