The Board is collectively accountable to shareholders for the Group's financial and operational performance and its responsibilities include:
• Setting the Group’s strategy
• Overseeing management’s implementation of the strategy
• Monitoring the operational and financial performance of the Group
• Setting the Group’s risk appetite
• Ensuring that appropriate risk management systems and internal controls are in place
• Setting the Group’s culture of ethical behaviour and agrees the Group’s Values
• Ensuring good corporate governance practices are in place
Our Board Members
Access our latest Annual Report and view our Articles of association.
The Board has delegated certain responsibilities to a number of committees. The Board retains overall accountability and the Committee Chairmen are responsible for reporting back to the Board on the Committees’ activities.
Minutes of the Committees’ meetings are made available to all directors on the web-based Board portal.
Chaired by Warren Tucker
Oversees financial reporting, internal financial controls and risk management systems, the risk management process, the internal audit function and the Group’s relationship with the external auditors.
Anne Minto OBE
Chaired by Anne Minto OBE
Recommends the Group’s remuneration policy for executive directors. Sets and monitors the level and structure of remuneration for the executive directors and other senior executives. Sets the Chairman’s fee.
Anne Minto OBE
Chaired by Dr Gerry Murphy
Makes recommendations to the Board regarding the structure, size, composition and succession needs of the Board and its Committees. Reviews the performance of the executive directors and the members of the Executive Committee. Oversees succession planning for directors and senior management.
Anne Minto OBE
The Board of Tate & Lyle PLC recognises the importance and value of Board diversity. The Board acknowledges the target of 33% representation of women on FTSE350 boards by 2020 set by the Hampton-Alexander Review and the recommendation of the Parker Review that at least one member of FTSE250 boards should be from a minority ethnic background by 2024.
The Board comprises the Chairman, two executive directors and seven non-executive directors. In terms of female representation on the Board, we have three directors (30%) and in terms of minority ethnic representation we have three directors (30%).
In that context, the Board approved the following Board Diversity Policy in May 2020:
The overall composition of our Board is fundamental to its effectiveness; we expect all members and potential members to demonstrate the skills, experience and knowledge required to contribute to this effectiveness. We believe that the right mix of gender, age, ethnic and cultural diversity can enhance our perspective and approach. Therefore, it is our policy to consider overall Board balance and diversity when appointing new directors in order to ensure that we maintain, as a minimum, the balance of gender diversity and minority ethnic representation present on our Board at the date of this policy and to improve it over time.
We are committed to using executive search firms who have signed up to the Executive Search Firms Voluntary Code of Conduct.