Board committees

The board has established three committees: audit, remuneration and nominations. Each has written terms of delegated responsibilities and each is chaired by a different non-executive director. The Company Secretary is secretary to each committee. A copy of each committee’s terms of reference can be found below.

Audit Committee

An Audit Committee consisting of Gordon Page, Alan Frost and James Wilding was established on 23 June 2004. The Audit Committee is chaired by Alan Frost. It meets at least twice a year and is responsible for ensuring that the appropriate financial reporting procedures are properly maintained and reported on and for meeting the auditors and reviewing their reports relating to the Group’s accounts and internal control systems.

The Audit Committee's Terms of Reference PDF, 58kb

Remuneration Committee

The remuneration committee consists of Gordon Page, Alan Frost, and James Wilding and is chaired by James Wilding. It meets at least twice a year and is responsible for reviewing the performance of the executive directors and other senior executives and for determining appropriate levels of remuneration. The Chief Executive is invited to participate in the committee’s deliberations on all matters except consideration of his own compensation.

The Renumeration Committee’s Terms of Reference PDF, 69kb

Nominations Committee

The nominations committee consists of Gordon Page, Alan Frost, James Wilding and Joe Oatley and is chaired by Gordon Page. The committee reviews the size, structure and composition of the board and makes recommendations on changes, as appropriate. It also gives consideration to succession planning in the light of developments in the business. In 2007 the committee organised and led the search process for a new Chief Executive for the Company.

The Nominations Committee's Terms of Reference PDF, 65kb