The Board met eight times during 2013/14 including a two-day strategy meeting. It plans its meetings at least 18 months in advance in line with its financial reporting calendar. The Board has a formal schedule of matters reserved for its decision and delegates certain matters to committees as set out below. The Board determines the overall Group strategy; creation, acquisition or disposal of material corporate entities or assets; development and protection of the brand; matters of public interest that could affect the Group's reputation; public announcements including statutory accounts; significant changes in accounting policy; capital structure and dividend policy; operating plans and key performance indicators; prosecution, defence or settlement of material litigation; Group remuneration policy and Board structure, composition and succession. The Board has reviewed its schedule of matters reserved which is set out within the Governance Framework. This outlines the terms of reference of the Board and its committees and is available on our website. An overview of what the Board has done during the year, is provided on pages 40 to 42 of the Annual Report.