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Governance
OCU Group | Annual report and financial statements 2025
Strategic report
Financial statements
Board purpose and leadership
Board purpose The Board’s role is to provide leadership and determine the strategy of the Group. It is also collectively responsible for the long-term sustainable success of the Group. The Board has overall authority for the management, development and conduct of the Group, and is responsible for ensuring alignment with the Group’s ethical principles and culture. In addition, the Board is responsible for setting the acquisition strategy and ensuring it remains aligned with the strategic objectives of the Group. The Board is also responsible for the recruitment, retention and performance of a highly experienced and engaged Executive Leadership Team to whom day-to-day leadership and management of the business is delegated. How the Board operates The Board held twelve scheduled monthly Board meetings in the year from and including May 2024 onwards. A rolling agenda and forward calendar of monthly Board meetings and the specific agenda for each meeting, including the discussion topics for inclusion, is agreed with the Chair and Directors.
There is a list of matters reserved for the Board’s approval which forms part of a delegated authority matrix, and the list is reviewed regularly and revised to ensure it continues to be fit for purpose as the Group evolves. The Board also represents the interests of the Group’s stakeholders and is required to consider and, where appropriate, factor their needs into its decision-making considerations. Pages 84 and 88 set out ways in which the Group has engaged with its employees, clients, communities and partners under the direction of the Board.
Overall, agendas are tailored to balance regular updates from the Executive Directors comprising functional updates, trading and financial performance and key client and sector updates, with deep dives focusing on specific strategic initiatives.
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