Committees of the Board
The Board has three committees each of which has written terms of reference. The minutes of the committees are circulated to and reviewed by the Board.
The Audit Committee
The Audit Committee comprises the three non-executive directors and is chaired by P R Gourmand. The external auditors and the finance director will normally attend meetings. The Committee meets at least
half yearly to:
- Review the interim and annual accounts and the external auditors’ management letter and discuss any
issues arising with the external auditors;
- Review the Company’s statements on internal control;
- Review annually the effectiveness of the external auditors.
The Remuneration Committee
The Remuneration Committee, which is chaired by K P Dulieu, is responsible for all elements of the remuneration of the executive directors and senior executives of the Group. The Committee also operates the
Company’s share option schemes. Further details of the committee are included in the Remuneration Report.
The Nomination Committee
The Nomination Committee is responsible for the review of the reappointment of the directors together with other nominations for directorship. The Committee comprises the three non-executive directors and is chaired by K P Dulieu.