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The Group has two standing Board Committees: a Remuneration Committee and an Audit Committee.

The functions of a nominations committee are undertaken by the Group Board as a whole. Where necessary and appropriate, a nominations sub-committee is appointed temporarily to fulfil specific tasks. Given the size of the Group, and the size and composition of its Board, the Directors believe it is both practical and beneficial for matters of Board composition and recruitment, Board performance evaluation, Executive and Non-Executive succession planning, and training and development to be undertaken by the Board as a whole. All such matters are regularly scheduled on the Board's agenda and are discussed thoroughly and robustly, incorporating the detailed perspectives and experience of all Directors.

Audit Committee

The Audit Committee comprises: Steve Coggins (Chairman of the Committee); Dennis Bate; Michael Butler; and Peter Rae.  All of the Committee members are Independent Non-Executive Directors. The Committee provides a forum for reporting by the Group's external auditors.

Terms of Reference


Remuneration Committee

The Remuneration Committee comprises: Peter Rate (Chairman of the Committee); Dennis Bate; Michael Butler; and Steve Coggins.  The Committee members are all Independent Non-Executive Directors and have no personal or financial interests in the matters to be decided.  The Remuneration Committee operates within the remit delegated by the Board, which is set out in the formal terms of reference.

Terms of Reference


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