Board Responsibilities
The Board of The Parkmead Group plc is ultimately responsible for the strategy and
overseeing the performance of the Group. Its main focus are strategic, growing shareholder
value, oversight and control and corporate governance.
In support of this certain matters are reserved for the Board, or Committees to
which the Board has delegated authority. Reserved matters cover inter alia: setting
the Group’s strategic direction, approving the Group’s annual budget, investment
and divestment decisions and decisions relating to the financing of the Group.
Audit Committee
The Board has established an Audit Committee, whose Chairman is Philip Dayer. The Committee
has formally delegated duties and responsibilities for ensuring that the financial
performance of the Company is properly reported on and monitored, including reviews
of the annual and interim accounts, results annoucements, internal control systems
and accounting policies.