The Board is responsible for determining the Company’s strategy, purpose, culture and values, reflecting in particular the generation of long-term value for shareholders and Rotork’s role in a sustainable future.

The Board is also responsible for the review and oversight of the effective management of risk, whilst delegating oversight of the controls framework to the Audit Committee. The Board rigorously challenges strategy, performance, responsibility and accountability to ensure that decisions are made effectively and in the long-term interests of the business.

The Board currently consists of eight Board members, six of whom are non-executive directors. As at 4 March 2024, female representation on our Board was 57% with ethnic diversity representation being 28%. Following the changes to the Board and appointment of the two non-executive directors as mentioned in the Annual Report, the respective percentages will be 50% and 25%.

The Board members come from a variety of professional backgrounds including engineering, manufacturing and finance, and collectively possess significant managerial experience, as well as experience of being executive directors of other public limited companies. A more detailed analysis of Board composition, skills and experience can be found on pages 101 to 103 of the Annual Report. In line with Provision 18 of the Code, each director who is continuing in service is subject to annual re-election at the AGM.