Michael Sherwin is chairman of the Audit Committee. The committee has primary responsibility for monitoring the quality of internal controls, ensuring that the financial performance of the Group is properly measured. It also reports on and reviews reports from the Group’s auditors, relating to the Group’s accounting and internal controls, and, in all cases, has due regard to the interests of Shareholders. The Audit Committee meets at least three times a year. Ken Beaty and Ian Livingstone are the other members of the Audit Committee.
Ken Beaty is chairman of the Nomination Committee. The committee identifies and nominates, for the approval of the Board, candidates to fill Board vacancies as and when they arise. The Nomination Committee meets at least once a year. Michael Sherwin and Ian Livingstone are the other members of the Nomination Committee.
Ian Livingstone is chairman of the Remuneration Committee. The committee reviews the performance of the executive directors and determines their terms and conditions of service, including their remuneration and the grant of options, having due regard to the interests of Shareholders. The Remuneration Committee meets at least twice a year. Michael Sherwin is the other member of the Remuneration Committee.