Carphone Warehouse 2016 Annual Report Download - page 42

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Dixons Carphone plc Annual Report and Accounts 2015/16
Corporate Governance
Corporate Governance Report
40
Chairman’s responsibilities
•manage the Board;
•represent the interests of the shareholders;
•approve Group strategy, its implementation and the
performance and profitability of the Group;
•seek new business development opportunities;
•effectively chair Board, Nominations Committee
and shareholder meetings;
•ensure Board effectiveness in his role;
•ensure clear and effective running of the committees;
•promote, with the Company Secretary, the highest
standards of corporate governance;
•facilitate effective contributions of the non-executive
directors;
•ensure constructive relations between the executive
and non-executive directors; and
•oversee the process of induction, development and
performance evaluation and succession planning of
the Board.
Board topics considered throughout the financial year 2015/16
2015
May
•Three-year plan
•Budgetary approval
•Property rationalisation
•Banking facilities
•Appointment of Company Secretary
•Internal Board effectiveness review
•Corporate governance update
June
•Q4 trading statement
•Risk management review
•Sprint partnership
•Competition law update
•Nordic strategy session
July
•Final dividend approval
•Preliminary announcement and
Annual Report and Accounts
approval
•Group strategic initiatives
•Banking facilities
•Group policies approval
•Corporate governance update
September
•Annual General Meeting
•Q1 trading statement
•Data Protection and Information
Security policies review
•Anti-bribery, Gifts and Hospitality,
and Health and Safety policies
approval
•Financial Conduct Authority (‘FCA’)
regulatory updates
•Brokers’ update
October
•Banking and treasury matters
•Board Schedule 2016
•UK & Ireland strategy session
December
• Interim dividend approval
• Interim announcement approval
•Appointments of Deputy Chairman
and Senior Independent Director
and resignations of Non-Executive
Directors
• Audit and Nominations committees
terms of reference
•Cyber security and IT roadmap
• FCA regulatory updates
• Treasury transactions
2016
January
•Christmas trading update
•Three-year plan
•Investor relations activities
•Talent review and succession
planning update
•FCA regulatory updates
March
•Shareholder communications
•Risk management and risk appetite
review
•Insurance review
•Financial Crime Policy approval
•Schedule of Matters reserved
for the Board
• Remuneration Committee Terms
of Reference
• Treasury transactions
Reserved matters
There are documented schedules of matters reserved for the
Board and matters delegated to committees of the Board. The
formal Schedule of Matters reserved for the Board was last
reviewed in March 2016 and includes:
•approval of published financial statements and
dividend policy;
•declaration of interim and recommendation of
final dividends;
•approval of budget and Group strategy and objectives;
•appointment and remuneration of directors, Company
Secretary and other senior executives;
•approval of major acquisitions and disposals;
•approval of authority levels for expenditure;
•approval of Group policies;
•approval of treasury / internal control and risk
management policies; and
•approval of shareholder communications.
00_DC 2016 Annual Report.pdf 40 11/07/2016 18:34