Coporate Governance

Board Committees

The Board has established the following committees:

Remuneration Committee
The Committee currently comprises Nick Jolliffe (Chairman), Simon Rogers and Richard Moon.  The Remuneration Committee plans to meet twice a year, and its principal objective is to attract and retain executives and provide them with appropriate incentives to encourage enhanced performance and ensure that, in a fair and responsible manner, they are rewarded for their individual contributions to the success of the Company.

Audit Committee
The Committee currently comprises Nick Jolliffe (Chairman) and Andrew Lapping two of the independent non-executive directors.
The Audit Committee meets at least twice per year and has the principal responsibility to review the effectiveness of the Company’s systems of internal control, to review with the external auditors the nature and scope of their audit and the results of that audit, and to evaluate and select external auditors.

Nomination Committee
The Committee currently comprises Richard Moon (Chairman), Simon Rogers, Andrew Lapping and Nick Jolliffe. The Committee has yet to meet and until the Company becomes substantially larger, the directors are of the opinion that the Nomination Committee would only need to be convened in unusual circumstances.