Imperial Brands PLC · LSE:IMB
Imperial Brands — Stewardship Forum 2019
19 slides from Imperial Brands's conference presentation, Jan 23, 2019
Slide 1: Stewardship Forum 2019
Stewardship Forum 2019 Imperial Brands PLC 23 January 2019
Slide 2: Introduction & Overview
Introduction & Overview Mark Williamson Chairman
Slide 3: Agenda for today
Agenda for today ▪ Plenary: 30-40 mins o Board overview – Mark Williamson • Board composition, experience & diversity • Priorities & agenda • Sustainability o Remuneration highlights – Malcolm Wyman o Audit & risk highlights – Karen Witts ▪ Breakout sessions: Three smaller groups: 20 mins each (60 m
Slide 4: The Board
The Board Mark Williamson Alison Cooper Oliver Tant Matt Phillips Sue Clark Chairman of the Board Chief Executive Officer Chief Financial Officer Chief Development Officer Non-Executive Director Chairman Succession & NR Nominations Committee Therese Esperdy Simon Langelier Steven Stanbrook Karen Wit
Slide 5: Board Experience & Diversity
Board Experience & Diversity Relevant sector experience Tenure of Non-Exec Directors 1 Tobacco FMCG Utilities Retail 0-2 yrs 1 3-5 yrs 5-7 yrs 4 8+ yrs Financial Support Telecomms 1 Services Services Broad range of skills & experience Board Gender Balance Strategic planning, international operations
Slide 6: The Board: Strong mix of skills and experience
The Board Strong mix of skills and experience Mark Williamson Alison Cooper Oliver Tant Matt Phillips Sue Clark • Previously CFO of Chief Executive Chief Financial Chief Development • Former MD of SAB Miller International Power plc. Officer Officer Officer Europe & Corporate Affairs • Former SID & C
Slide 7: Board Effectiveness Review
Board Effectiveness Review Key feedback areas Boardroom Dynamics Strategy Succession & Talent Development • A well-functioning board, a • Right emphasis on Group • Improved exposure to conducive & open strategy, with full buy-in senior management atmosphere to allow the from the Board • Succession p
Slide 8: Creating Something Better for the World's Smokers
Creating Something Better for the World’s Smokers Maximise Sustainable Shareholder Returns Long-term Quality Growth Tobacco Maximisation Next Generation Products Cost & cash ▪ Focus on priority markets ▪ Portfolio built around blu brand ▪ Simplify operating model ▪ Building contribution from ▪ 4Bs a
Slide 9: Board Priorities
Board Priorities Adapting to our changing environment to ensure sustainable shareholder returns Focus in 2018 Looking Ahead to 2019 • Investment choices to enhance quality of • Investing to accelerate NGP growth earnings in tobacco business • Continuing to focus on priority tobacco • Strategic devel
Slide 10: Board Agenda & Programme
Board Agenda & Programme 2017 2018 Nov Feb March May June Sept Bristol Bristol Fontem Ventures, Bristol London Bristol Amsterdam FY18 Business Plan Q1 Performance Strategy in Action: H1 Review: Strategic planning: Performance review approval • NGP performance • Performance • Strategic guardrails NGP
Slide 11: Sustainability Strategy
Sustainability Strategy Aligning to UN Sustainable Development Goals • Maintaining sustainable agricultural practices to ensure a consistent, quality supply of tobacco • Developing alternative products that are less harmful to health • Behaving responsibly at all times and providing a safe and rewar
Slide 12: Remuneration Committee
Remuneration Committee Malcolm Wyman Chair of the Remuneration Committee Senior Independent Director
Slide 13: Remuneration Committee: Rewarding Performance
Remuneration Committee Rewarding Performance Main objective Members Support the Company’s strategy and performance by ensuring Malcolm Wyman (Chair) the remuneration policy attracts, retains and incentivises the Sue Clark high calibre executives to ensure delivery David Haines (Chair to 3 July 2018)
Slide 14: Remuneration Policy Implementation FY2019
Remuneration Policy Implementation FY2019 Alignment with Strategy 14 |
Slide 15: Audit Committee
Audit Committee Karen Witts Chair of the Audit Committee
Slide 16: Audit Committee: Protecting our Stakeholders
Audit Committee Protecting our Stakeholders Main objective Supports corporate governance through oversight of the Members Group’s internal control systems, risk management processes, Karen Witts (Chair) Internal Audit activities and external audit Therese Esperdy David Haines (to 3 July 2018) 2018 K
Slide 17: Risk Management
Risk Management Risk assessment & evaluation Continuous risk management process 17 | * LOD / Line of Defence
Slide 18: Internal & External Audit Coverage
Internal & External Audit Coverage Internal Audit External Audit • 70+ audits per annum • Audit committee oversight • Risk-based audit plan aligned to strategic priorities • Tender process underway for appointment of new auditor • Covers; governance/compliance, commercial, • Aligned with expectation
Slide 19: Breakout Sessions
Breakout Sessions Imperial Brands PLC January 2019