Board Committees

The Audit Committee

The Audit Committee comprises PM Rae, D Bate and SW Coggins, who are all non-executive directors, and provides a forum for reporting by the Group's external auditors. It meets at least annually, without executive Directors being present, and reviews the scope and results of the external audit.

To see the Committee's Terms of Reference click here

The Remuneration Committee

The Company's Remuneration Committee comprised PM Rae, D Bate and SW Coggins, who are all non-executive directors and have no personal or financial interests in the matters to be decided. The objective of the Committee's policy is to attract, retain and motivate high calibre individuals as executive Directors with a competitive package of basic salary, incentives and rewards, including share options, which are linked to individual performance, the overall performance of the Group and the interests of shareholders. The Committee is also responsible for agreeing the remuneration of the managing directors of the principal subsidiaries and making awards to other employees under the Group's share option and employee share schemes.

The Company does not currently have a Nominations Committee.

To see the Committee's Terms of Reference click here