Board Committees

The Board has devolved responsibility of certain matters to two committees, an Audit & Risk Committee and a Remuneration Committee.

Board Committees

The Board has devolved responsibility of certain matters to two committees, an Audit & Risk Committee and a Remuneration Committee.

AUDIT AND RISK COMMITTEE

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 >

REMUNERATION COMMITTEE

The Board has established a Remuneration Committee with formally delegated duties and responsibilities, to comprise no fewer than two non-executive directors.

The Remuneration Committee will meet at least twice a year, and be responsible for setting the remuneration policy for the executives of the company.

Francis Small (chair) and Duncan Penny are the current members of the Remuneration Committee.

Nomination committee

It has not been deemed necessary to form a nomination committee, as the Board as a whole is responsible for determining from time to time whether it is appropriate to appoint new directors.

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The Board is responsible for the overall governance and strategy of the business, ensuring our obligations to shareholders and other stakeholders are met.

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The Executive Committee is held accountable by the Board for the implementation of the Board’s strategy and day-to-day management of the business.