Board Committees

The Board established an audit commitee, and a remuneration commitee, with formally delegated duties and responsibilities.

Audit Committee

The key responsibilities of the Audit Committee are to:
• Monitor the integrity of the annual and interim financial statements, including focus on significant judgements and estimates used in the accounts;
• Review the effectiveness of financial and related internal controls and associated risk management (the full Board being responsible for oversight of strategic and operational risks); and
• Oversee the relationship with our external auditors, including: reviewing their plans and audit findings; ensuring their continuing independence; and appraising the effectiveness of their work prior to considering their reappointment.

The members of the Audit Committee, all of whom are independent Non-executive directors, are:
• Giles Clarke
• Duncan Harvey (Chairman)
• Jeremy Sparrow

Remuneration Committee

The Remuneration Committee is responsible for determining and reviewing compensation arrangements for the Directors and the executive management. The Committee ensures that the remuneration practices of the Company move towards best practice and are linked with the interests of shareholders.

The members of the Remuneration Committee are:
• Giles Clarke
• Duncan Harvey (Chairman)
• Jeremy Sparrow

This web page was last updated on 25 June 2018.