Vodafone 2016 Annual Report Download - page 46

Board activities
Key areas of focus
for your Board
Board activities are structured to assist the Board in achieving its goal
to support and advise executive management on the delivery of the
Group’s strategy within a transparent governance framework.
Governance in action:
Board’s visit to Munich
Offsite Board meetings give the Board further
insights into the business.
In September 2015 the Board held its annual
strategy meeting in Munich. As part of this
visit, the Board received a presentation from
local management of Vodafone Germany
and KDG, visited a Vodafone Germany
retail store and received a presentation
on 5G communication. A Board meeting
and an Audit and Risk Committee meeting
werealso held whilst in Munich.
What the Board did in 2016
More on
pages
Link to
strategic
objectives
Performance (nancial and operational)
Throughout the year the Board received and discussed:
a reports from the Chief Executive
on performance of operations in Europe,
AMAP and Enterprise; 10 to 13
a information on the nancial performance
of the Group; 10 to 15,
30 to 37
a network and customer satisfaction updates
and quarterly market share metrics; and 16 and 17
a the annual budget and operating plan. 14 and 15
Strategy
The Board continued to focus on overseeing the execution
of our strategy. The Board:
a received regular business
development reports; 10 to 13
a discussed progress of the Customer
eXperience eXcellence programme and
commercial priority reports; 7, 10 to 13
a received updates on content strategy; 11 and 12
a discussed and approved the strategic
combination of Vodafone and Liberty
Global’s Dutch operations; and 12, 149
a held a strategy day, focusing on the evolution
and sustainability of Vodafone’s strategy,
industry trends, competitor strategies and
our organisation and governance. 10 to 13
More on
pages
Link to
strategic
objectives
Governance
The Board dealt with corporate governance matters, including:
a reports from the Board Committees; 47 to 53,
57 to 73
a the appointment of new Board members; 53
a the Annual Report; 76 and 77
a assessment of risks and internal controls; 23, 51 and 52
a reports on compliance and litigation; 54 and 55, 149 to 152
a the conclusions and recommendations
of the external evaluation of the
Board’s performance; and 45
a reviewing and approving the revisions to the
terms of reference of the Board Committees
and the Matters Reserved for the Board. 54 and 55
People
The Group HR Director updated the Board twice during the year on:
a talent capability and diversity; 18 and 19
a health and safety; and 19
a other HR matters. 18 and 19
Deep dives
The Board received presentations on the following topics:
a local market focus on Spain, Vodacom,
UK and India; 32 to 35
a Germany and Turkey spectrum auctions; 37, 183, 186
a potential initial public offering of Vodafone
India; and 35
a Vodafone UK’s TV offering. 33
Data Convergence Enterprise
Vodafone Group Plc
Annual Report 2016
44