Committees
Our committees
The work of the Group Board is delegated to and carried
out by functional committees:
The Audit Committee
Oversees the Group’s statutory
obligations, including review of systems for effective control and
risk management, both the internal and external audit functions,
and the approval of the annual accounts.
The Treasury Committee
Has delegated authority from the Group
and Operating Company boards to act on their behalf in arranging
and negotiating the terms of private finance required to meet
business plan requirements. Along with representatives drawn
from both the Group Board and Operating Companies, the Committee
appoints two “Expert Members” for their relevant specialist
knowledge and expertise.
The Remuneration and Nominations Committee
Chaired by the Vice Chairman of the Group
Board, this Committee meets as business dictates, usually
three times a year. Its role is to advise the Group Board on
remuneration issues. This Committee is also responsible for
determining policies for the recruitment, selection and appraisal
of Board Members, and for Group standards of probity and
ethics.