We invest a great deal of time and effort in appointing our Board members to ensure the right balance and mix of directors can be obtained. We take into account experience, skills, diversity and existing time commitments.
Upon appointment to the Board, the Chairman ensures that all new Directors undertake a comprehensive induction programme. This programme, developed by the Secretary to the Board, is intended to provide a broad introduction to the Group and allows the Company to account for individuals’ differing requirements and to concentrate on key focus areas.
We create individually tailored induction programmes for all new Directors which include:
We encourage our Directors to pursue a tailored development programme throughout the year. This can include:
During 2018, training was received through a mixture of formal and informal seminars. Directors were also briefed by the Secretary to the Board on the updated requirements of the new UK Code and other key governance matters.
Training records for all Directors are maintained by the Company Secretariat and are reviewed during the annual Board evaluation process. Over the course of 2018, more than 200 hours of training were recorded.
Read more about our Director induction and training workshops in our Governance report.