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
The Board has delegated certain responsibilities to a number of committees. The Board retains overall accountability and the Committee Chairs 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.
Chaired by Sybella Stanley
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 Chair’s fee.
Chaired by David Hearn
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.
In a global, consumer-led business like Tate & Lyle, diversity at all levels is a pre-requisite to making our company fit for the long-term future, by ensuring that our employees reflect the customers and communities we serve. This approach applies to the Board too.
The Board of Tate & Lyle recognises the importance and value of Board diversity. It recognises that diversity includes but is not limited to differences of thought, knowledge, skill, experience, age, gender, disability, ethnicity, race, sexual orientation, social, cultural and geographic backgrounds.
The Board of Tate & Lyle believes that the overall composition of our Board and its committees is fundamental to its effectiveness. We expect all members and potential members to demonstrate the skills, insight, experience and knowledge required to contribute to this effectiveness. We believe that the right mix of diversity can and will enhance our perspective and approach.
The Board will consider overall Board balance and diversity, in addition to the right skills and experience, when appointing new directors in order to ensure that we maintain, the balance of gender diversity and minority ethnic representation present on our Board at the date of this policy.
When the Board considers new appointments to the Remuneration and Audit Committees it takes into consideration all dimensions of diversity along with the right skills and experience required to serve effectively on those committees. All non-executive directors are members of our Nominations Committee.
The Board is committed to using executive search firms which qualify under the FTSE Women Leaders Enhanced Code of Conduct.
Approved by the Board on 22nd March 2023
Access our latest Annual Report and view our Articles of association.