Board Committees

The Audit, Nomination and Remuneration Committees are Committees of the Board as defined by the Company’s Stakeholders. Their powers and discretions are delegated by the Board of Directors of the Company.

Audit Committee

Chairman: Malcolm McCaig

The Audit Committee is responsible for the appointment of external Auditors to the Company and any matters arising from their audit, the review of the annual financial statements and oversight over internal audit functions.

Nomination Committee

Chairman: Andrew Coppell

The Nomination Committee is responsible for reviewing the balance of skills, knowledge and experience of senior management, to consider the leadership of the Company and ensure succession planning for all key roles. The Committee is also responsible for reviewing the time spent by Non-Executive Directors in the performance of their duties.

Remuneration Committee

Chairman: Andrew Coppell

The Remuneration Committee is responsible for reviewing recommendations and approving proposals in relation to annual salary increases, bonuses and incentive programmes to be awarded to staff generally. The Committee also has discretion and authority in respect of the remuneration of senior employees.