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Terms of Reference

Audit Committee

The Audit Committee comprises John Rishton as Chairman of the Committee, Cindy Rose, Gareth Bullock and David Flaschen.

It is responsible for corporate reporting, risk management and internal control procedures, and for maintaining the relationship with the Company’s external auditor.

For more information on its latest activities, see pages 85-90 of the 2017 Annual Report.

Audit committee terms of reference (pdf) [150kb]

Nomination Committee

The Nomination Committee is chaired by Derek Mapp, with Stephen Carter, Cindy Rose and Gareth Bullock as members.

It is responsible for ensuring there is a formal, rigorous and transparent procedure for the appointment of new Directors to the Board and its Committees.

For more information on its operations and actions, see pages 82-84 of the 2017 Annual Report. 

Nomination committee terms of reference (pdf) [126kb]

Remuneration Committee

Membership of the Remuneration Committee comprises Stephen Davidson as Chairman of the Committee, Gareth Bullock and Helen Owers.

The Remuneration Committee reviews, recommends to the Board and is responsible for the overall Executive remuneration policy, determining the Chairman and Non-Executive fees, approving the Remuneration Report and the design and implementation of all Share Incentive Plans and pension arrangements for the Executive Directors.

For more information see pages 91-106 of the 2017 Annual Report.

Remuneration committee terms of reference (pdf) [123kb]

Remuneration Policy 2018 (pdf) [256kb]

Statement Regarding Remuneration Consultants

Proposed Remuneration Policy 2018

 

Attendance at 2017 Board an Committee meetings

The Chairman, Group Chief Executive and Group Finace Director attended each Audit Committee meetings by invitation

  Scheduled Board meetings (of 7)1 Uncheduled Board meetings (of 5) (1) Audit Comittee meetings (of 4) Remuneration Committee meetings(of 8) Nomination Committee meetings (of 2)
Derek Mapp 7 5 - - 2
Stephen A. Carter CBE 7 5 - - 2
Gareth Wright 7 5 - - -
Gareth Bullock 7 5 4 8 2
Cindy Rose 6 4 3 - -
Helen Owers 6 5 - 7 -
Stephen Davidson 7 5 - 8 -
David Flaschen 7 5 4 - -
John Rishton2 7 5 4 - -
Dr Brendan O'Neill3 2 0 1 3 -

1. In addition to the Board meetings, a Committee of the Board met in January,July and November to approve certain finacing arragements. The five unschedueled Board meetings related to strategy and acqusitions.

2. John Rishton was appointed as Chairman of the Audit Committee on 26 may 2017 following Dr Bredan O'Neill's Regination from the Board.

3. Dr Bredan O'Neill stepped down from the Board and the Audit,Nomination and Remuneration Committees on 26 may 2017.