Group Executive Committee

The Executive Committee (Exco) is responsible for the day-to-day management of the business of the Group. Exco facilitates the effective control of all the Group’s operational activities, acting as a medium of communication and co-ordination between all the various business units, Group companies and the Board. Exco is responsible for recommendations to the Board with regard to the Group’s policies and strategies and for monitoring their implementation in accordance with the Board’s directives. Exco plays a role in monitoring risks applicable to the Group and reporting these, together with recommendations and reports about action to be taken, to the Board. This includes the annual insurance review and a formal risk analysis.

Exco consists of two executive directors and eight senior executives. The operating divisions within the Group have established formal management structures which meet regularly to ensure the maintenance of standards and best practice in respect of corporate governance and internal controls.