RMG00000288
RMG00000288
DRAFT
DELEGATIONS & MATTERS RESERVED TO THE POL BOARD
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
e Approval of major capital projects
¢ Approval of material contracts of the company in the ordinary course of business
e Approval of contracts of the company not in the ordinary course of business
¢ 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
e Approval of risk management strategy including internal control arrangements
« the Company’s commercial strategy
e the Company's strategic plan and annual operating plan
e plans for senior management development and succession
e changes to the management and control structure
e overall pay policy for staff and agents
¢ health and safety policy
e environmental policy
* equal opportunities policy
e Appointment of specified individuals to authenticate the Post Office Limited seal
¢ Adoption of a new company seal
DELEGATIONS
From Sept 2011 From March 2012
Sister Co Status
RMH Board Over £20 million Over £20 million
POL Board £5m - £20 million £10 m- £20 million
MD POL and GCFO Up to £5 m -
POL Investment Committee £5m - £10 m
MD POL and POL CFO Up to £5m