Board Committees
Certain of the matters specifically reserved for the Board's decision have been delegated to three standing Committees - Audit, Nomination and Remuneration - within clearly defined terms of reference which, together with the composition of each Committee, are reviewed annually.
In line with the best practice recommendations of the UK Corporate Governance Code, each of our Non-executive Directors sit on at least one of the Committees.
Membership of the Audit, Nomination and Remuneration Committees
| Audit Committee |
Nomination Committee |
Remuneration Committee |
|
|---|---|---|---|
| Sir Ian Cheshire | Chair | Member | |
| Edward Bonham Carter | Member | Member | |
| Nicholas Cadbury | Chair | Member | |
| Madeline Cosgrave | Member | ||
| Christophe Evain | Member | Chair | |
| Manjiry Tamhane | Member | ||
| Miles Roberts | Member |
Audit Committee
Reviews and is responsible for oversight of the Group's financial and reporting processes, the integrity of the financial statements, the external and internal audit processes, and the systems of internal control and risk management.
Nomination Committee
Reviews and recommends to the Board the structure, size and composition of the Board and its Committees. It also has oversight responsibility for succession planning of the Board and senior management.
Remuneration Committee
Reviews and recommends to the Board the executive remuneration policy and determines the remuneration packages of the Executive Directors and other members of the Executive Committee.
