The Board has established Audit, Nomination and Remuneration Committees, with formally delegated duties and responsibilities, and written terms of reference. From time to time, separate committees may be set up by the Board to consider specific issues when the need arises.

Audit Committee

Nomination Committee

Remuneration Committee

The Audit Committee monitors the integrity of the financial statements of the Company, including its annual and interim reports and accounts, announcements of preliminary results and any other formal announcements relating to its financial performance, reviewing significant financial reporting issues and judgements which they contain. It also keeps under review the effectiveness of the Company's internal controls and risk management systems and makes recommendations to the Board in relation to the appointment, re-appointment or removal of the external auditor and

The current Audit Committee members are:

• David Lees (Chairman of the Audit Committee)
  
  
• David Galloway
  
  
• Graham Stanley

The Nomination Committee advises the Board on the appointment of Directors and meets at least twice a year and when otherwise necessary. All Directors are required to seek election by shareholders at the first opportunity after their appointment and must stand for re-election to the Board every three years under the Company's Articles of Association.

The current Nomination Committee members are:

• David Galloway (Chairman of the Nomination Committee)
  
  
• David Lees
  
  
• Graham Stanley
  
  
• Stephen Evans

The Remuneration Committee determines and agrees with the Board the framework for the remuneration of the Company's chief executive, chairman, executive directors, the Company secretary and members of the senior management team. No member of the Committee is involved in discussions concerning their own remuneration.

The current Remuneration Committee members are:

• Graham Stanley (Chairman of the Remuneration Committee)
  
  
• David Lees
  
  
• David Galloway
  

<< Back