RMG00000289
RMG00000289
MATTERS RESERVED TO THE CONSIGNIA pic BOARD
STATUTORY REQUIREMENTS
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Approval of half year, full year and regulated 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 Directors and the Company Secretary
COMBINED CODE REQUIREMENTS
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Approval of major capital projects (with costs in excess of £20m)
Approval of material contracts of the company in the ordinary course of business (the
acquisition and disposal of assets in excess of £20m)
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 in excess of £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
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Approval of the Group’s commercial strategy and annual operating budget
Approval of plans for senior management development and succession
Approval of changes to the Group’s management and control structure, including major
restructurings
Approval of main postal price changes
Approval of pay policy for staff and agents
Establishment of Board sub-committees, their terms of reference and membership
Appointment to boards of ‘direct’ Consignia plc subsidiaries
Approval of the health and safety policy
Approval of the environmental policy
Approval of the equal opportunities policy
MISCELLANEOUS
Approval of amendments to trust deeds of Consignia pension schemes
Appointment and remuneration of the chairman and trustees of main Consignia pension
schemes
Appointment of specified individuals to authenticate the Consignia plc seal
Adoption of a new Consignia ple seal