The Group Combined Board is supported by an Executive Board comprising the Chief Executive and five other Directors who are responsible for day-to-day operations of all entities in the Group, with a focus on the delivery of the corporate strategy.
Gary Orr and Caroline Moore are members of both the Group Combined Board and Executive Board.
Executive & Senior Leadership service contracts
The members of the Executive Board and Senior Leadership Team are employed on the same terms as other staff, except for a contractual annual bonus scheme and the provision of a company car or payment of a car allowance.
Remuneration decisions are overseen by the People and Culture Committee. The Group Combined Board is responsible for approving any bonus awards or changes in the Chief Executive’s remuneration or contract. Details of the benefits received by Executive Directors are set out in note 8.
The Executive Board and Senior Leadership Team members, including those who are Group Combined Board members, hold no interest in the Group’s shares and act within the authority delegated to them by the Group Combined Board under defined terms of reference.