Committees

Audit, Risk and Compliance Committee

Paul Hogan, Sue Webb, Jim Gaul and Liz Hoctor each sit on the Audit, Risk and Compliance Committee which is chaired by Paul Hogan.

The committee is responsible for ensuring that the financial performance of the Group is properly reported on and reviewed. The committee’s role includes monitoring the integrity of the financial statements of the Group, reviewing significant financial reporting issues, reviewing the effectiveness of the internal financial controls, monitoring and reviewing the effectiveness of the internal audit function, making recommendations to the Board on the appointment or removal of the external auditors as well as approving their remuneration and terms of engagement and evaluating their performance.

The terms of reference of this committee state that the composition should comprise of a minimum of three independent Non-Executive Directors, to the extent possible. The committee currently meets this independence criteria. Each appointment is for a term of up to three years, which may be extended by up to two further three-year terms, provided the Director in question remains independent. Members must rotate so that the committee regularly includes new members. The Chairperson of the committee is appointed by the Board. At least one member of the committee should have significant, recent and relevant financial experience. The committee will meet at least four times per year at appropriate intervals in the financial reporting and audit cycle, and otherwise as required.

The Terms of Reference of the Audit, Risk and Compliance Committee are available here.

Paul Hogan
Independent Non-Executive Director
Paul Hogan
Link
Sue Webb
INDEPENDENT NON-EXECUTIVE DIRECTOR
Sue Webb
Link
Jim Gaul
Independent Non-Executive Director
Jim Gaul
Link
Liz Hoctor
Independent Non-Executive Director
Liz Hoctor
Link

Remuneration Committee

Sue Webb and Jeff Berkowitz each sit on the Remuneration Committee which is chaired by Sue Webb

The committee’s main duties are to determine the Group’s policy on executive remuneration; review the suitability of performance measurement criteria for the Executive Directors and senior management; review the notice periods for Executive Director employment contracts; determine compensation arrangements for early termination of employment contracts; administer share option

schemes for Executive Directors and senior management; and review the performance of Executive Directors against key performance indicators for the purposes of determining annual bonus entitlements and make recommendations to the Board about pay out level. The committee is responsible for reviewing the remuneration of the Chief Executive Officer and the other Executive Directors. The committee must consult the Chief Executive Officer fully about its remuneration proposals. No director or senior manager may be involved in any decisions as to their own remuneration. The committee is also responsible for appointing remuneration consultants.

The committee is appointed by the Board and the terms of reference of this committee state that the composition should comprise a minimum of two Directors, who must be independent Non-Executive Directors.  The committee currently meet this independence criteria. Each appointment is for a term of up to three years, which may be extended by up to two further three-year terms, provided (where relevant) the Director in question remains independent. The committee will meet at least once per year.

The Terms of Reference of the Remuneration Committee are available here.

Sue Webb
Independent Non-Executive Director
Sue Webb
Link
Jeff Berkowitz
INDEPENDENT NON-EXECUTIVE DIRECTOR
Jeff Berkowitz
Link

Nominations & Governance Committee

Jeff Berkowitz, Maurice Pratt, Ger Rabbette, Paul Hogan and Jim Gaul each sit on the Nominations & Governance Committee which is chaired by Jeff Berkowitz.

The committee is responsible for overseeing succession planning for the Board and senior management. It is also responsible for assessing the leadership needs for the Group in terms of its ability to compete effectively in its industry.

The committee is appointed by the Board and the terms of reference of this committee state that the composition should comprise a minimum of three Directors, the majority of whom must be independent Non-Executive Directors. The committee currently meets this independence criteria at 60% majority of independent Non-Executive Directors. Each appointment is for a term of up to three years, which may be extended by up to two further three-year terms, provided the Director in question continues to meet the criteria for membership of the committee. The chairperson of the committee may be either the chairperson of the Board or another independent Non-Executive Director. The committee will meet at least once per year.

The Terms of Reference of the Nominations & Governance Committee are available here.

Jeff Berkowitz
INDEPENDENT NON-EXECUTIVE DIRECTOR
Jeff Berkowitz
Link
Maurice Pratt
Chairman
Maurice Pratt
Link
Ger Rabbette
CHIEF EXECUTIVE OFFICER
Ger Rabbette
Link
Paul Hogan
INDEPENDENT NON-EXECUTIVE DIRECTOR
Paul Hogan
Link
Jim Gaul
Independent Non-Executive Director
Jim Gaul
Link