The Board is responsible for promoting the long-term success of the Company. Through sound leadership, the Board seeks to promote a culture of openness and innovation, relying upon a framework of corporate governance and internal controls which are designed to protect the Company’s assets. The day-to-day management of the business is delegated to the Executive Directors and the Senior Management, apart from matters reserved for the Board as set out in the Constitution of the Company. The Board has also specific matters reserved to it for decision, such as strategic long-term objectives and delegates some of its duties and powers to Committees, each of which has clearly written terms of reference.