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Corporate Governance FINANCE & GENERAL PURPOSE COMMITTEE REPORT and decisions of the Committee and also provide an overview of the Committee’s activities and significant issues deliberated on in the year under review. The Board of Directors delegates financial matters to the Committee which has oversight over financial reporting and internal controls management, treasury, investment management, financial risk management, capital structure, corporate finance strategy and activities and mergers and acquisitions. Olusegun Olusanya Chairman of the Finance and General Purpose Committee The Committee reviews how the Company is progressing towards achieving its strategic goals. As Chairman of the Finance and General Purposes Committee, I am pleased to present the Committee’s report for the year ended 31st December, 2016. Over the following pages I will share the deliberations The Committee receives its insight into the challenges and goals of the Company from the financial and business targets set by the Board. It reviews how the Company is progressing towards achieving those targets, receiving regular updates from Executive and senior management staff on operational and financial issues across the Group. These reports give the Committee an understanding of the risk factors as well as the assurance and processes to mitigate them. Membership, qualification and meetings. The Committee has eight members, with five NonExecutive Directors and three Independent NonExecutive Directors. Biographical member of the Committee, details of each including relevant qualifications and experience, are set out on pages 86 to 89 of this report. As part of the annual review of the effectiveness of the Committee, the Board has considered the qualifications, expertise and experience of members and is satisfied that the Committee members bring a wide range and depth of financial, accounting practices, risk management and commercial experience across various industries, and that discharge their duties. Some members of Senior and Executive Management are invited to be in attendance at meetings in order to provide required information and provide updates on agreed tasks and directives given by the Committee from previous meetings. As Chairman of the Committee, I regularly hold private one-on-one meetings with the Group Chief Finance Officer, other senior management, and with the lead Audit Partner Annual Report 2016 111 they will effectively

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