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Our committees

Audit committee

Principle committee responsibilities

  • monitoring the integrity of the Group’s financial statements and any formal announcements relating to the Group’s financial performance, and reviewing significant financial reporting judgements contained in them before their submission to the Board for approval
  • reviewing and challenging, where necessary, the consistency of significant accounting policies, and whether appropriate accounting standards have been used
  • reviewing the content of the report and advising the Board on whether it's fair, balanced and understandable
  • reviewing the adequacy and effectiveness of the Group’s internal financial controls and internal control and risk management systems
  • reviewing reports from the internal health and safety auditor on health and safety audit standards

Nomination committee

Principle committee responsibilities

  • identifying and reviewing the balance of skills, knowledge, diversity and experience on the Board
  • nominating candidates to fill Board vacancies
  • reviewing leadership needs of the organisation and considering succession planning for the Board
  • leading the Board selection and appointment process for new directors
  • providing oversight of Group-wide succession planning and talent management
  • monitoring Board governance issues

Remuneration committee

Principle committee responsibilities

  • remuneration should be designed to promote the long term success of the Group and the creation of shareholder value
  • the policy should provide an appropriate balance between fixed and performance-related, cash, share-based and immediate and deferred remuneration
  • performance related elements of remuneration should be relevant, transparent, stretching and rigorously applied
  • remuneration incentives should be compatible with risk policies and systems
  • remuneration should be judged relative to other companies but without the corresponding improvement in corporate and individual performance, should avoid paying more than necessary
  • due regard should be given to pay and employment conditions elsewhere in the Group

 

Committee membership

Board member

Audit committee

Nomination committee

Remuneration committee

Andrew Allner

by invitation

chair

member

David Brown

by invitation

member

by invitation

Katherine Innes Ker

member

member

chair

Nick Horler

member

member

member

Adrian Ewer

chair

member

member

Carolyn Ferguson

secretary

secretary

secretary