Introduction
OBD is a public company, with a global shareholder base. The Board is mindful of the trust placed in it by institutional and retail investors, employees and other stakeholders.
The Directors are responsible for leading the Group and Company, including:
• setting its strategic aims
• ensuring sufficient financial and other resources are in place to enable it to meet its objectives
• reviewing management performance
The Group’s corporate governance activities exist to help the Board make robust, informed decisions and to manage risk.
Section 172(1) of the Companies Act 2006 sets out six matters to which the Directors must have regard in performing their duties. These are:
- the likely consequences of any decision in the long term
- the interests of the Company’s employees
- the need to foster the Company’s business relationships with suppliers, customers and others
- the impact of the Company’s operations on the community and the environment
- the desirability of the Company maintaining a reputation for high standards of business conduct
- the need to act fairly between members of the Company
Corporate Governance Statement - providing information on the governance framework adopted by the Company and how it meets.
Board of Directors - biographical details of the directors, including skills and experience relevant to their roles at OBD.
Governance Structure - the particular roles and responsibilities of the Board members and the subcommittees of the Board.