With effect from 22 October 2007, the Board comprises two Executive Directors and three Non-Executive Directors as follows:

Non-Executive Directors

David Galloway (Chairman)

David Lees (Senior Independent Director)

Graham Stanley (Non-Executive Director)

Executive Directors

Stephen Evans (Chief Executive Officer)

Martin Andrews (Chief Financial Officer)

Biographies of each of the directors can be found here.

All the Non-Executive Directors are considered to be independent and bring a range of commercial experience to Board deliberations.

There is a clear division of responsibilities between the Chairman, and the Chief Executive which is supported by the Board’s formal Statement of Division of Responsibilities between Chairman and Chief Executive.

The Board meets at least 10 times a year, including a one day strategy conference. The Board supports the executive management team, considers strategic issues and monitors the company’s performance against delivery of its key performance indicators.

The Chairman is responsible for leadership of the Board, setting its agenda and monitoring its effectiveness. He ensures effective communication with shareholders and ensures that the Board is aware of the view of major shareholders. He also facilitates both the contribution of the Non-Executive Directors and ensures that the Chief Executive develops a strategy which is supported by the Board as a whole. The Chairman is responsible for ensuring that all Directors are properly briefed on issues arising at Board meetings and that they have full and timely access to relevant information.

The Chief Executive is responsible for executing the company’s strategy once agreed by the Board. He creates a framework of values, organisation and objectives to ensure the successful delivery of key targets, and allocates decision making accordingly.

All Directors have access to the advice and services of the Company Secretary. The Company Secretary has responsibility for ensuring that Board procedures are followed and for governance matters. The appointment and removal of the Company Secretary is one of the matters reserved for the Board.

The Board has delegated certain matters to its Board Committees and has also adopted a formal Schedule of Matters Reserved for the Board.


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