Committee Composition

 

Board Committees

The Company has established a number of committees, details of which are set out below.

Audit Committee

The Audit Committee members comprise Richard Last, who is the committee chairman, and Jens Montanana, and meets twice a year. The Group Chief Financial Officer and Group Financial Controller, 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 interim financial statements, preliminary results announcement, the annual financial statements and the other information included in the annual report.

Remuneration Committee

The Remuneration Committee comprises Jens Montanana who is the committee chairman and Richard Last. 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 directors is decided upon by the Board of Directors.

Nominations Committee

Due to the size of the Board of Directors, the directors do not consider there to be any need for a nominations committee. Issues that would normally be dealt with by a nominations committee are handled by the Board of Directors. The Board of Directors will review the need for a nominations committee on a regular basis.

Committee Composition

The Board of Directors comprises the non-executive chairman, three executive directors and one non-executive director whose Board and Committee responsibilities are set out below:

 

 Name

  Board 

 Audit Committee

 Remuneration Committee

 Jens Montanana 

 Chairman

 Member

 Chairman   

 Ashley Stephenson

 Member    

 

 

 Andrew Lloyd

 Member    

 

 

 Andrew Miller 

 Member  

 

 

 Richard Last

 Member

 Chairman

 Member

 

Richard Last is considered to be independent.