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Audit Committee

The audit committee has a primary responsibility for monitoring the Group’s internal controls and ensuring that the financial performance of the Group is properly measured and reported on. The committee receives and reviews reports from the Group’s management and auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the Group. The audit committee meets at least twice a year and has unrestricted access to the Group’s auditors. There are two members of the audit committee, the chairman is John Allwood and its other member is Simon Blagden.

Remuneration & Nomination Committee

The remuneration and nomination committee reviews the performance of the Executive Directors and makes recommendations to the Board on matters relating to their remuneration and terms of employment. The remuneration and nomination committee also makes recommendations to the Board on proposals for the granting of share options and other equity incentives pursuant to any share option scheme or equity incentive scheme in operation from time to time. The remuneration and nomination committee is also responsible for ensuring that the Board has a formal and transparent appointment procedure and has primary responsibility for reviewing the balance and effectiveness of the Board and identifying the skills needed by the Board and those individuals who might best provide them. There are two members of the remuneration & nomination committee, the chairman is Simon Blagden and its other member is John Allwood.

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