RMG00000285
RMG00000285
MATTERS RESERVED TO THE POL BOARD
STATUTORY REQUIREMENTS
Approval of half year and full year accounts
Approval of financial forecasts to the DTI
Approval of any significant change in accounting policies or practices on the
recommendation of the Audit Committee
Appointment or removal of the Company Secretary
Appointment or removal of auditors on the recommendation of the Audit Committee
COMBINED CODE REQUIREMENTS
Approval of major capital projects (of between £3m - £10m)
Approval of material contracts of the company in the ordinary course of business (the
acquisition and disposal of assets of up to £10m)
Approval of contracts of the company not in the ordinary course of business (including
all strategic acquisitions or joint ventures where the transaction total is up to £10m)
Approval of major investments, including the acquisition or disposal of interests of more
than 5% in the voting shares of any company or the making of any takeover bid
Approval of risk management strategy including internal control arrangements
MANAGEMENT
Subject to the agreement of the Royal Mail Holdings Board where appropriate, approval of:
the Company’s commercial strategy
the Company’s strategic plan and annual operating plan
plans for senior management development and succession
changes to the management and control structure
overall pay policy for staff and agents
health and safety policy
environmental policy
equal opportunities policy
MISCELLANEOUS
Appointment of specified individuals to authenticate the Post Office Limited seal
Adoption of a new company seal