Board Committees
The terms of reference of the Audit, Business Practices, Nomination and Remuneration Committees are set out below, together with a description of the other Board Committees. All Committees are supported by the Company Secretary or nominee.
Audit Committee
Chaired by S Marshall, pending the appointment of a new
Non-Executive Director, to assume this role. Other members are MJ
Donovan, GEH Krossa, GH Sage and RJW Walvis.
Terms of reference of the Audit
Committee.
Remuneration Committee
Chaired by RJW Walvis, the Committee’s other members are
SL Howard, GEH Krossa, S Marshall and GH Sage. The Audit Committee
Chairman will also be a member.
Terms of reference of the Remuneration
Committee.
Terms of reference for advisors to the
Remuneration Committee.
Nomination Committee
Chaired by S Marshall, the Committee’s other members are
MJ Donovan, SL Howard, GH Sage, IP Tyler and RJW Walvis
Terms of reference of the Nomination
Committee.
Business Practices Committee
Chaired by SL Howard, the Committee’s other members are MJ
Donovan, GEH Krossa and S Marshall. The Audit Committee Chairman
will also be a member.
Terms of reference of the Business Practices
Committee.
Group Tender and Investment Committee
Chaired by IP Tyler, this Committee considers all prospective major contracts (whether in the UK or overseas) with projected contract values above a designated limit set down by the Board from time to time. In addition, the Committee considers all proposed capital expenditure and investment (or divestment) applications within designated levels established by the Board from time to time. The Committee membership comprises the Executive Directors and the Group Managing Directors (in relation to those projects within their respective areas of responsibility).
Finance & General Purposes Committee
Chaired by IP Tyler, this Committee considers various designated finance and share-related matters, including share allotments and grants under the Company’s share schemes, previously approved by the Remuneration Committee. The Committee membership comprises the Executive Directors and the Deputy Finance Director.
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