To ensure that the Board is well equipped to continue to discharge its responsibilities, the Board has established guidelines for the future nomination and selection of potential new directors and for the operation of the Board. To this end a Nomination Committee was formed to canvas future candidates for the position of director, to ensure that the Company continues to be governed by appropriately qualified people. The Nomination Committee comprises the following members:
The Board is responsible for determining and reviewing compensation arrangements for the directors themselves and the executive management. The Board has established a Remuneration Committee. The Remuneration Committee comprises the following members:
The Company has an Audit Committee. The members of the Audit Committee are:
The Audit Committee is responsible for the nomination of the external auditors, reviewing the independence and objectivity of the external auditors, and reviewing the adequacy of the scope and quality of the annual statutory audit process and half year review. It is responsible for ensuring that the financial performance of the Group is properly reported on and monitored. If required, Executive Directors and senior members of the management can be invited to attend meetings at the request of the Chairman of the Audit Committee. The Committee liaises with the auditor and reviews the reports from the auditor relating to the accounts. The committee meets at least three times a year.
The Audit Committee Terms of Reference can be found here (PDF).
This page was last updated on 6th April 2017