The Board is assisted by four Board Committees (Nomination, Audit, Sustainability and Remuneration) to which it delegates matters as appropriate. Each Committee has full terms of reference that have been approved by the Board and are reviewed annually
The role of the Nomination Committee is to review the composition of the Board and of its Committees. The Committee leads the process for appointments and makes recommendations to the Board as part of succession planning for both Non-Executive and Executive Directors. It also monitors the succession planning and development of senior management.
Committee members:
- N.P.H. Meier – Chairman
- C. Coignard
- R.G. Dacomb
- J.E. Rutherford
- V. Shine
- R.H. Stan – retired 10 May 2023
- A.R. Webb – appointed 15 January 2024
The objective of the Committee is to assist the Board in discharging governance responsibilities in respect of external audit, internal audit, risk and internal control and to oversee the integrity of the Company’s and its subsidiaries’ financial reporting and associated narrative statements.
Committee members:
- R.G. Dacomb – Chairman
- J.E. Rutherford
- V. Shine
- R.H. Stan – retired 10 May 2023
The role of the Sustainability Committee, on behalf of the Board, is to oversee the Group’s sustainability strategies, targets, performance, disclosures, policies, and processes designed to promote the long-term success of the Company and contributing positively to wider society. The Committee manages the Group’s material environmental, social and governance (‘ESG’) risks and ensures compliance with its sustainability-linked responsibilities and commitments.
Committee members:
- J.E. Rutherford – Chairman
- M. Lafleche
- C. Coignard
The objective of the Committee is to assist the Board to fulfil its oversight responsibility to shareholders to ensure remuneration policies and practices are designed to support strategy and promote long-term sustainable success; ensure executive remuneration is aligned to Company purpose and values, and clearly linked to the successful delivery of the Group’s long-term strategy; and establish a formal and transparent procedure for developing policies on executive remuneration and determining Director and senior management remuneration.
Committee members:
- V. Shine – (Chair)
- C. Coignard
- R.G. Dacomb
- J.E. Rutherford
- R.H. Stan – 10 May 2023