The Board has a number of standing Committees, namely the Nomination, Audit, and Remuneration Committees, to which specific responsibilities have been delegated. These Committees enable the Board to operate effectively within a strong governance framework.
Each Committee has Terms of Reference which were reviewed by each of the Committees and the Board during the year. The Terms of Reference for the Nomination, Audit and Remuneration Committees are available for inspection on the Company’s website.
Each of these Committees is comprised of independent Non-Executive Directors of the Company who are appointed by the Board.
Board members receive minutes of meetings and comprehensive papers, in advance of all the Board’s Committees and they can request presentations or reports on areas of interest.
The Company Secretary is secretary to each Committee.