GMC replaced the ExCo in terms of authority in 2009 and is responsible for formulating strategy (for discussion and agreement by the Board), monitoring performance and managing the Group's portfolio. The current members of GMC are; Cynthia Carroll (chair), René Médori, Brian Beamish, Mervyn Walker and David Weston. Full biographies of the members of the GMC and ExCo can be found here.
ExCo is responsible for the implementation of policies and programmes, the adoption of best practice standards and senior talent management across the Group. ExCo meets at least every two months on a formal basis for a two-day session and when required in the intervening periods.
The current members of ExCo are; Cynthia Carroll (chair), René Médori, Brian Beamish, Walter De Simoni, Seamus French, Chris Griffith, John MacKenzie, Norman Mbazima, Neville Nicolau, Mervyn Walker, Duncan Wanblad, Stephan Weber, David Weston and Peter Whitcutt. Along with the chief executive and finance director, the members of ExCo are selected from the heads of business units and corporate functions. Full biographies of the members of the GMC and ExCo can be found here.
The role of the Investment Committee, which is a sub-committee of GMC, is to manage the process of capital allocation by ensuring that investments and divestments increase shareholder value and meet Anglo American's ﬁnancial criteria. The Committee makes recommendations to GMC and/or the Board on these matters. The Committee meets as required.
The Investment Committee presently comprises: René Médori (chairman), Brian Beamish, Gareth Mostyn and David Weston.