Board Committees
The Board of Directors
The Board meets 8-10 times a year primarily to discuss company strategy, current progress in achieving company goals and future performance of the Company.
As of 30 June 2007 the Board consisted of three executive directors and three non-executive directors. The Company has a policy of appointing a separate Chairman and CEO and has three directors acting in a non-executive capacity.
The Company operates Audit, Remuneration and Nomination Committees.
The Audit Committee is comprised of Philip Kendall (Chairman), Paul Gratton, Paul Thornton and Richard Hooper. It meets at least twice a year and provides a forum through which the Company’s auditors report to the Board.
The Remuneration Committee is comprised of Paul Thornton (Chairman), Richard Hooper and Michael Hulme. It meets twice a year and its function is to determine and agree with the Board the framework or broad policy for the remuneration of the Company’s Chief Executive, Chairman, the executive directors, the Company Secretary and such other members of the executive management as it is designated to consider.
The Nomination Committee is comprised of Paul Thornton (Chairman), Richard Hooper and Michael Hulme. It meets at least once a year and its function is to consider the appointment and reappointment of Directors.