Investors
Board Committees
The Company has established a number of committees, details of which are set out below.
Audit Committee
The audit committee members comprise the non-executive Directors and the chairman of the Company, and meets twice a year. The Chief Financial Officer and the Company’s external auditors attend the meetings. The audit committee considers the adequacy and effectiveness of the risk management and control systems of the Group. It reviews the scope and results of the external audit, its cost effectiveness and the objectivity of the auditors. It also reviews, prior to publication, the interims, preliminary announcement, the annual financial statements and the other information included in the full annual report. Mr. Peters is the Chairman of the audit committee.
Remuneration Committee
The Remuneration Committee consists of the chairman and the non-executive Directors. It meets at least twice a year and reviews and advises upon the remuneration and benefits packages of the executive Directors. The remuneration of the chairman and non-executive director is decided upon by the full Board. Mr. Fairman is the chairman of the Remuneration Committee
Nominations Committee
Due to the size of the Board, the Directors do not consider any need for a nominations committee. Issues that would normally be dealt with by a nominations committee are handled by the full Board. The Board will review the need for a nominations committee on a regular basis.