Our management team is explicitly guided and supported by the resources, policies and procedures it needs to achieve its goals.
We know that providing this support is a major contributor both to business success, to building culture and to ensuring that critical processes reflecting our goals and values are understood and followed in everything we do.
The following protocols and delegations have been designed to:
- enable the Board to provide strategic guidance for TAL and effective oversight of management; and
- clarify the respective roles and responsibilities of Directors and senior executives in order to facilitate Board and management accountability to both TAL and its shareholders, and to ensure a balance of authority so that no single individual has unfettered powers.
Managing Director Delegations
A formal delegation of authority to the Managing Director has been established which sets out his specific authority to manage the day-to-day business of the Company and the restrictions and reservations that apply, including limits on expenditure.
Executive Management Delegations
Formal delegations of authority from the Managing Director to the Senior Executives of TAL have been established, which set out each officer’s specific authority to manage the day-to-day business within each officer’s area of responsibility. The Officers have no power to do anything which the Managing Director cannot do pursuant to his delegations.