The Audit and Risk Committee has responsibility for monitoring the Company and the financial integrity of its subsidiaries’ financial statements and the involvement of its auditor in that process. It focuses on compliance with accounting policies and ensuring that an effective system of internal financial controls is maintained. The ultimate responsibility for reviewing and approving the Annual Report and Accounts and the half-yearly reports remains with the Board. The Audit and Risk Committee meets at least three times a year at the appropriate times in the reporting and audit cycle. The Audit and Risk Committee comprises at least three members who are Independent Non-Executive Directors and is chaired by a member with recent and relevant financial experience.
The Remuneration Committee has responsibility, subject to any necessary shareholder approval, for the determination of the terms and conditions of employment, remuneration and benefits of each of the Executive Directors and other senior executives. The Remuneration Committee also has responsibility for recommending and monitoring the level and structure of remuneration for senior management and the implementation of share option or other performance-related schemes. The Committee is comprised of all Non-Executive Directors and is chaired by a member with significant experience as recommended by the Code.
Remuneration Policy
The Company’s remuneration strategy is to provide a remuneration framework that will:
attract, motivate and retain executives and senior management in order to deliver the Company’s strategic goals and business outputs;
encourage and support a high-performance sales and service culture, ensuring good customer outcomes;
reward delivery of the Company’s business plan and key strategic goals;
adhere to the principles of good corporate governance and appropriate risk management; and
align employees with the interests of shareholders and other external stakeholders and encourage widespread equity ownership across the Group.
The policy is in accordance with Schedule 8 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 as amended in 2013, the provisions of the current Code and the Listing Rules.
Salaries and packages will be broadly in line with those of UK listed companies of a similar size and complexity.
The Nomination Committee has responsibility for considering and making recommendations to the Board in respect of appointments to the Board and to the Board Committees. The Committee is responsible for keeping the structure, size and composition of the Board under regular review, the annual evaluation of the Board performance and making recommendations to the Board with regard to any changes necessary.
The Nomination Committee is chaired by the Chair of the Board of Directors and comprises all of the Non-Executive Directors.
The Audit and Risk Committee has responsibility for monitoring the Company and the financial integrity of its subsidiaries’ financial statements and the involvement of its auditor in that process. It focuses on compliance with accounting policies and ensuring that an effective system of internal financial controls is maintained. The ultimate responsibility for reviewing and approving the Annual Report and Accounts and the half-yearly reports remains with the Board. The Audit and Risk Committee meets at least three times a year at the appropriate times in the reporting and audit cycle. The Audit and Risk Committee comprises at least three members who are Independent Non-Executive Directors and is chaired by a member with recent and relevant financial experience.
The Remuneration Committee has responsibility, subject to any necessary shareholder approval, for the determination of the terms and conditions of employment, remuneration and benefits of each of the Executive Directors and other senior executives. The Remuneration Committee also has responsibility for recommending and monitoring the level and structure of remuneration for senior management and the implementation of share option or other performance-related schemes. The Committee is comprised of all Non-Executive Directors and is chaired by a member with significant experience as recommended by the Code.
Remuneration Policy
The Company’s remuneration strategy is to provide a remuneration framework that will:
attract, motivate and retain executives and senior management in order to deliver the Company’s strategic goals and business outputs;
encourage and support a high-performance sales and service culture, ensuring good customer outcomes;
reward delivery of the Company’s business plan and key strategic goals;
adhere to the principles of good corporate governance and appropriate risk management; and
align employees with the interests of shareholders and other external stakeholders and encourage widespread equity ownership across the Group.
The policy is in accordance with Schedule 8 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 as amended in 2013, the provisions of the current Code and the Listing Rules.
Salaries and packages will be broadly in line with those of UK listed companies of a similar size and complexity.
The Nomination Committee has responsibility for considering and making recommendations to the Board in respect of appointments to the Board and to the Board Committees. The Committee is responsible for keeping the structure, size and composition of the Board under regular review, the annual evaluation of the Board performance and making recommendations to the Board with regard to any changes necessary.
The Nomination Committee is chaired by the Chair of the Board of Directors and comprises all of the Non-Executive Directors.
