The audit committee comprises the Non-Executive Directors and is chaired by Bob Beveridge. It will, amongst other things, determine and examine matters relating to the financial affairs of the Company including the terms of engagement of the Company’s auditors and, in consultation with the auditors, the scope of the audit. It will receive and review reports from management and the Company’s auditors relating to the half yearly and annual accounts and the accounting and the internal control systems in use throughout the Company.
The remuneration committee comprises the Non-Executive Directors and is chaired by Iain Johnston. It will review and make recommendations in respect of the Directors’ remuneration and benefits packages, including share options and the terms of their appointment. The committee will also make recommendations to the Board concerning the allocation of share options to employees under the Share Incentive Plan.
The nomination committee comprises Michael Jolliffe, Iain Johnston and Panagiotis Dimitropoulos and is chaired by Michael Jolliffe. It monitors the size and composition of the Board and the other Board committees, is responsible for identifying suitable candidates for board membership and will monitor the performance and suitability of the current Board on an ongoing basis.