The right skills and experience
At Spectris, we are committed to maintaining high standards of corporate governance, both at the Board level and throughout the Group. We see this as fundamental to the effective and responsible management of the business and for the delivery of shareholder value over the long term. The skills and experience of the Board are set out in their biographies.
The key responsibilities and areas of focus for the Board
Contribute to the development of, and agree, the Group’s strategy. This includes through review and discussion of reports and updates at Board meetings as well as through the annual strategy review meeting which is attended by the Board and, where relevant, other senior management.
Evaluation and composition
Review the performance of the Board and its Committees to ensure that they are effective. Ensure that the Board and its Committees comprise competent and capable individuals with a diverse range of skills and experience who provide challenge to management and bring independent views to the decisions being made.
Group financial and operational performance
Review and monitor the performance of the Group, including through regular reporting and discussions with the Executive Committee and other senior management.
Maintain an appropriate internal control framework.
The Board is assisted by various Committees of the Board which report regularly to the Board. In undertaking its duties, the Board delegates certain authorities and decisions to its Committees, notably the Nomination, Remuneration, and Audit and Risk Committees. The membership of these Committees is regularly reviewed by the Board. When considering Board Committee membership and chairmanship, the Board aims to ensure that undue reliance is not placed on particular Directors.