Executive Committees

Remuneration Committee

Giles Fearnley, Non-Executive Chairman

Its role is to review the performance of the Executive Directors and other senior executives and to set the scale and structure of their remuneration, including bonus arrangements, with due regard to the interests of Shareholders. In the case of the Managing Director, his performance will be reviewed by the Chairman. The Remuneration Committee will administer and establish performance targets for share incentive schemes and determine the allocation of share incentives to employees as and when such initiatives are adopted. In exercising this role, the terms of reference of the Remuneration Committee will require it to comply, so far as practicable given the current composition of the Board, with the Code of Best Practice published in the Combined Code.

Audit Committee

Giles Fearnley, Non-Executive Chairman

The Audit Committee is responsible for making recommendations to the Board on the appointment of the auditors and the audit fee and will review reports from management and the Company’s auditors on the financial accounts and internal control systems used throughout the Company.

Nomination Committee

Giles Fearnley, Non-Executive Chairman
All Board Members

The Nomination Committee has responsibility for proposing any new appointment of both Executive and Non-Executive Directors.