We seek to act in accordance with the principles of the UK Corporate Governance Code issued by the Financial Reporting Council and comply with its terms.
Our Board of Directors has ultimate responsibility for the management of Johnston Press. Its primary focus is on strategic, policy and risk issues. It approves and oversees the Group’s strategy and the allocation of resources and monitors the performance of the Group in pursuit of its aims.
A formal schedule of matters is reserved to the Board and certain matters are delegated to the Board’s Audit, Nomination and Remuneration committees. Specific matters reserved for the Board include: approving significant transactions including acquisitions, divestments and capital expenditure; setting and approving the Group’s strategy and annual budget and approving the Group’s financing and treasury policies. The Board also considers health, safety and environmental matters and reviews the Group’s risk management process.
Further details are contained in this section.