The Board has established an Audit & Risk Committee with formally delegated duties and responsibilities, which is to comprise no fewer than two non-executive directors.
The Audit & Risk Committee will meet at least twice a year, and will be responsible for ensuring that the financial performance of the company is properly reported on and monitored, including reviews of the annual and interim accounts, results announcements, internal control systems and procedures and accounting policies.
In addition, the Committee is responsible for evaluating the business risks the company faces, reporting them to the Board, and providing guidance to the executive directors on management of these risks.
Carol Thompson (chair) and Francis Small are the current members of the Audit & Risk Committee.
View audit and risk committee terms of reference >