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Terms of Reference

Audit Committee

The Audit Committee comprises John Rishton as Chairman of the Committee, Gareth Bullock and David Flaschen and, with effect from 1 August 2019, Gill Whitehead.

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 107-112 of the 2018 Annual Report.

Audit committee terms of reference (pdf) [218kb]

Nomination Committee

The Nomination Committee comprises Derek Mapp as Chairman of the Committee together with all of the Non-Executive Directors of the Company: Gareth Bullock, Stephen Davidson, Helen Owers, David Flaschen, John Rishton and Mary McDowell and Gill Whitehead.

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 103-105 of the 2018 Annual Report

Nomination committee terms of reference (pdf) [170kb]

Remuneration Committee

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

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 113-125 of the 2018 Annual Report.

Remuneration committee terms of reference (pdf) [124kb]

Remuneration Policy 2018 (pdf) [256kb]

Statement Regarding Remuneration Consultants (pdf) [25kb]