The role of the Board is to promote the long-term success of the Company, generating value for stakeholders and contributing to wider society by providing effective leadership and direction to the business as a whole. It sets the Group’s strategy, having regard to stakeholders, while maintaining a balanced approach to risk within a framework of effective controls. It has also established the Company’s purpose and values and monitors culture to ensure alignment. Its sets the tone and approach to corporate governance and is responsible for the overall financial performance of the Group. The Board delegates specific powers for some matters to committees, details of which are set out below.