Board agenda: key areas of focus in 2012.

STRATEGIC OPPORTUNITIES AND GROWTH

RISK APPETITE

SUCCESSION PLANNING AND TALENT MANAGEMENT

STAKEHOLDER REVIEW

The Board continues to focus on accelerated evolution and the Board’s agenda prioritises strategic growth opportunities to facilitate time for discussion of these key matters.

The Board is accountable for ensuring that risk is effectively managed across the Group. The Board has focused on formulating and refining the Group’s risk appetite statement to ensure that strategic proposals brought to the Board are debated within the context of the Company’s risk appetite.

The Board recognises the importance of developing talent throughout the organisation. The Board receives regular talent management updates and supports the development of individuals. Several Board members mentor individuals participating in a ‘Future Leaders’ programme.

The Board recognises the importance of understanding the views of all key stakeholders and regularly dedicates time to focus on a particular stakeholder group. This year the Board specifically considered:

  • institutional Investors and retail shareholders;
  • customers;
  • employees;
  • Government bodies; and
  • regulators.