The Board is collectively responsible to shareholders for the Group’s overall strategy and direction within a framework of controls which enables risk to be assessed and managed.
The Articles of Association require that any director appointed during the year shall hold office only until the next AGM when they will be subject to election. Thereafter directors are required to retire by rotation at intervals of not more than three years.
Audit & Risk Committee
This Committee is chaired by David Jeffcoat, non-executive director. The other members of the Committee are non-executive directors Mike McTighe, Jeremy Beeton and Neil Masom. Executive Directors may also attend at the invitation of the chairman.
This Committee is chaired by Mike McTighe and comprises all the non-executive directors and the Chief Executive Officer.
This Committee is chaired by Neil Masom and comprises all the non-executive directors. The Group HR Director may also attend at the invitation of the chairman.
WYG has clearly articulated Commercial Development and Operating Process (CDOP) which is a framework for decision making and project management. We believe that a robust CDOP is essential for a professional services firm with multiple professional disciplines and markets such as ours, because it helps us to mitigate risk thereby creating sustainable profits and cash to reinvest in the business, to re-invest in our people and to create value for our shareholders.
The executive directors also comprise the Investment Committee. The purpose of the Investment Committee is to: