The Board meets regularly throughout the year. Substantive agenda items have briefing papers, which are circulated in a timely manner before each meeting. The Board will ensure that it is satisfied that it is supplied with all the information that it requires and requests in a form and quality to enable to fulfil its duties. In addition to ongoing matters concerning the strategy and management of the WB Group, the Board has determined certain items, which are reserved for decision by itself. These matters include the acquisition and disposal of other than minor businesses, the issue of capital by any WB Group company, major investments and any transaction by a subsidiary company that cannot be made without its own resources or that is not in the normal course of its business.

The primary responsibilities are to review arrangements established by the directors for compliance with regulatory and financial reporting requirements, monitor the integrity of WB statutory accounts, oversee the work of the external auditors, monitor and review the scope, results and effectiveness of WB’s Internal Audit function, and liaise with the Chairman of the ABG Audit Committee where necessary.

Other responsibilities include reviewing the WB Group’s system of internal control and the process for evaluating and monitoring risk, considering any other matters, which might have a financial impact on ABG or the WB Group including the WB Group’s arrangements by which staff may in confidence, raise concerns about possible improprieties in matters of financial reporting or other matters.

The primary responsibilities of this Committee are to review the number of directors and the balance between executive, independent and non-independent Non-Executive directors, and in relation to the Board Diversity Policy, to recommend new appointments to the Board and the length of term for which an independent Non-Executive Director may be expected to serve.