Corporate Management Board
The Corporate Management Board (CMB) has responsibility for controlling and monitoring the Company's operational and financial management and performance, and its supporting internal control framework, ensuring that all business services are striving towards the Company's strategic objectives and key business objectives, as set by the Main Board and the Executive Board. This Group has been established by the Executive Board in response to the increasing size and complexity of the business, and has enabled the Company to ensure that operational management decisions are taken at the most effective and appropriate level.
The CMB's Terms of Reference are as agreed with the Executive Board, and are subject to periodic review. Decisions taken by the CMB on reserved matters are subject to approval at Main Board and/or Executive Board level, as appropriate.
As of January 2008, the Corporate management Board was replaced by four internal boards;
- Executive Board
- Finance & Governance Boards
- Operational Delivery Board
- Product & Services Development Board