Coporate Governance

Board Committees

The Board has established the following committees:

Remuneration Committee
The Committee comprises Simon Rogers (Chairman) and Nick Jolliffe; it meets at least 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 comprises Nick Jolliffe (Chairman) and Andrew Lapping; it 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. Nick Jolliffe remained on the committee when he became Chairman of the company as he has the most relevant experience for amongst the non-executive directors.

Nomination Committee
The Committee comprises Nick Jolliffe (Chairman), Simon Rogers and Andrew Lapping. The Committee meets at least once a year and reviews the structure, size and composition of the board and recommends changes, it monitors the succession plan and reviews the time required from non-executives.