Board Committees

The Company has established an audit and a remuneration committee to assist it in fulfilling its responsibilities, each having formally delegated duties and responsibilities

Remuneration Committee

The Remuneration Committee determines, on behalf of the Board, the   remuneration (including bonuses) of executive Directors and the Company’s remuneration policy for certain other senior managers.  The committee also determines all allocations of share options to executives and certain other senior management.  To ensure that the Company’s remuneration practices are market competitive, the Committee takes advice from various independent sources.  The Committee met seven times in the period. 

The Remuneration Committee comprises the following Non-executive directors.

  • Lesley James (Chairman)
  • Chris Slack
  • Mark Watts
  • Keith Tozzi

The Board determines the remuneration of the non-executive Directors including bonuses with the support of external professional advice if required.  No director participates in any discussion regarding his or her own remuneration. 

Audit Committee

The audit committee considers the adequacy and effectiveness of the risk management and control system of the Group. It reviews the scope and results of the external audit, its cost effectiveness and the objectivity of the auditors. It also reviews, prior to publication, the interim results, preliminary announcement, the annual financial statements and the other information included in the full annual report.

The audit committee comprises Chris Slack (Chairman) and Lesley James both of whom are non-executive directors and Keith Tozzi who is non-executive chairman of the company and meets at least twice a year. No-one other than the audit committee’s chairman and members is entitled to be present at a meeting of the audit committee but the Company’s external auditors together with the Chief Executive Officer and the Group Finance Director are invited regularly the attend meetings.  The audit committee has formal terms of reference approved by the Board.

 

Inspicio Ltd

10 Buckingham Street

London

WC2N 6DF

Tel: +44 (0) 20 7004 2780
Email: askus@inspicio.com