At the Group level
We create value by:
The Board and Operations Executive set Group and Divisional strategy, focusing
on markets served, customer segments and products supplied.
Vitec sets Group and Divisional budgets annually and regularly reviews Group
and Divisional performance during the year. This includes regular forecasts to
ensure that the financial performance is clearly understood and appropriate
targets are set.
We communicate our strategy, performance, outlook and governance with our
investors on a regular basis.
Vitec manages its financing, hedging and tax planning activities centrally to
ensure that the Group has an appropriate structure and funding to support its
geographically diverse business.
We buy businesses that provide a good return with clear synergies such as
extending our technological, product or geographic footprint. We dispose of
those businesses that do not fit strategically or do not offer scope to deliver
Vitec ensures that an effective Group wide governance framework and policies
are in place to ensure a strong culture of governance and ethical behaviour.
We set an overall framework for reviewing and assessing risk and taking
mitigating actions as part of the execution of our strategy.
Vitec sets policies to ensure a healthy, safe and productive work environment
for all our employees, and ensures they are complied with.
We work across the Group to ensure that we have consistent policies, processes
and initiatives for acquiring, engaging and retaining our best talent.