The ultimate responsibility for ensuring full and effective control of the group’s businesses rests with the D&T Board.

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The company has adopted a decentralised approach to the management of its day-to-day divisional operations, subject to compliance by the divisions with the group control and approvals framework and the systems and governance policies set by the board.

There will be defined reporting lines from divisional management level to the board, to facilitate effective monitoring by the board of the divisions’ compliance with group and divisional policies.

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Except where pre-approved materiality levels apply, decisions on material matters are reserved for the board, including, but not limited to, decisions on the allocation of capital resources, the authorisation of capital expenditure, property transactions, borrowings and investments. Decisions made by the board take into account the legitimate interests and expectations of stakeholders and the sustainability of the group’s operations.

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The detailed responsibilities and powers of the board are contained in a formal charter.

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The board committees that support the board of directors include the:

the Audit Committee; 

the Risk Committee;

the Remuneration Committee;

the Nomination Committee;

the Social and Ethics Committee; and

the Investment Committees.

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The robust committee and reporting structures in place across the group underpin the group’s commitment to sound corporate governance and afford stakeholders the assurance that the group’s businesses are managed responsibly.