Responsibilities of the members of the board

Sub Committees

Audit Committee

Members
Phillip Sutherland
Nicholas Lyth

An Audit Committee, comprising Phillip Sutherland and Nicholas Lyth has been established by the Company. The Audit Committee is chaired by Phillip Sutherland and meets at least two times each year. The Audit Committee reviews the Company's annual and interim financial statements before submission to the Board for approval. The committee also reviews regular reports from management and external auditors on accounting and internal control matters. Where appropriate, the committee monitors the progress of action taken in relation to such matters. The committee also recommends the appointment of, and reviews the fees, of the external auditors.

 

Remuneration Committee

Members
Phillip Sutherland
Nicholas Lyth

The Company has in addition established a Remuneration Committee, comprising Phillip Sutherland and Nicholas Lyth. The Remuneration Committee is chaired by Phillip Sutherland. The Committee is responsible for reviewing the performance of the executive Directors and for setting the scale and structure of their remuneration, determining the payment of bonuses, considering the grant of options under any share option scheme and, in particular, the price per share and the application of performance standards which may apply to any such grant, paying due regard to the interests of shareholders as a whole and the performance of the Company.

 

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