Governance

Chair and CEO Roles and Responsibilities

Effective corporate governance supports the long-term success and sustainability of our business and strategy – our Chair and CEO deliver them both.

Tim Cobbold

Chair

Responsibilities
  • Responsibility for the leadership and effective running of the Board and chairing its meetings
  • Ensuring the Board, as a whole, plays a full and constructive part in the development and determination of the Group’s strategy and overall commercial objectives
  • Setting the agenda for, and frequency of, meetings of the Board and ensuring the Board receives accurate, timely and clear information on which to base decisions
  • Ensuring that adequate time is available for the Board to consider all agenda items
  • Promoting a culture of openness and debate and facilitating the effective contribution and active engagement of all Directors
  • Ensuring there is effective communication between the Group and its shareholders and that the Board understands the views of major investors in the Group
  • Promoting the highest standards of integrity, probity and corporate governance
  • Ensuring constructive relations between the Non-Executive and Executive Directors
  • Regularly considering the Board’s succession planning and composition
  • Ensuring that the performance of the Board, its Committees and individual Directors are formally and rigorously evaluated at least once a year
  • Providing an independent perspective and constructive challenge

Hans Dieltjens

Chief executive

Responsibilities
  • Responsible for running the business of the Company and its subsidiaries
  • Proposing and developing the Group’s strategy and overall commercial objectives
  • Regularly reviewing the Group’s operational performance, cost control and operating efficiencies and recommending to the Board the annual budget and financial plans for the Group
  • Reporting to the Chair and the Board on the progress of the strategy, the Group’s performance and operational matters
  • Maintaining a dialogue with the Chair and the Board on important and strategic issues facing the Group
  • Providing a structure for the timely and accurate disclosure of information
  • Ensuring the Board’s strategies, objectives and decisions are implemented in a timely and effective manner
  • Developing senior talent and succession planning
  • Progressing in conjunction with the Chief Financial Officer and, where relevant, the Chair, the Company’s communication programme with its shareholders
  • Ensuring effective communication with shareholders, employees and other stakeholders, in order to understand their concerns and communicate issues to the Board
  • Promoting and conducting the affairs of the Group with the highest standards of integrity, probity and corporate governance
  • Safeguarding the reputation of the Group and managing the Group’s risk profile
  • Maintaining strong relationships with OEM customers