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The Board Committees

The board has delegated specific responsibilities to the following committees. Each committee is comprised solely of Non-Executive Directors and operates within defined terms of reference set by the board.

Audit committee

Members:

Andrew McCree - Phil Holland - Jeremy Warner-Allen

Responsibilities:

The committee has responsibility for, among other things:

  • Monitoring the integrity of the financial statements of the company and any formal announcements relating to the company's financial performance.
  • Reviewing any significant financial reporting judgements contained in them.
  • Reviewing the company's internal controls and risk management systems.
  • Making recommendations to the board in relation to the appointment, remuneration and resignation or dismissal of the group's external auditors.
  • Reviewing and monitoring the external auditors' independence and objectivity, including the nature and extent of the non-audit services provided by their affiliated firms and the effectiveness of the audit process.
  • Considering compliance with legal requirements, accounting standards and the AIM Rules.

 

Remuneration committee

Members:

Andrew McCree - Phil Holland - Jeremy Warner-Allen

Responsibilities:

The remuneration committee is responsible for determining, within agreed terms of reference, the policy for the remuneration of the Executive Directors. The committee is also responsible for determining the individual remuneration packages for Executive Directors, the level and terms of grants of options and awards and the terms of any performance conditions to apply to the exercise of such options and awards, pension rights and other benefits. Where the remuneration committee considers it appropriate, the committee will also make recommendations in relation to the remuneration of senior management.