the Board The Board has a formal schedule of matters specifically reserved for its decision, including: � strategic decisions; � risk management and internal controls; � acquisitions and capital expenditure above agreed thresholds; � approval of interim and final dividends and share purchases; � changes to the capital structure; � tax and treasury oversight; � approval of half-yearly and annual financial statements; � budgets and matters currently or prospectively affecting the Group and its performance; � Board and Committee membership; and � Remuneration policy Audit & Risk Committee Monitors the appropriateness and integrity of the Group’s financial reporting, external audit, internal audit and risk management processes.