Board committees

The Board is assisted in its activities by a number of standing committees of the Board and, in discharging its duties, it delegates certain authorities and decisions to these Committees.

The Board reviews the membership of these Committees on a regular basis. The Board committee structure, together with a summary of the roles and composition of the Committees, is outlined in the table below.

The Chair is responsible for the leadership of the Board and ensuring its effectiveness. He is also responsible for organising the business of the Board and setting its agenda.

In addition to the Chair, there are currently five independent non- executive Directors and one 3i Group nominated Director, who is not considered independent. The Board’s core values underpin its open and collaborative culture and are supplemented by the skills that each individual Director brings to the Company.