The audit committee consists of Nigel Rogers (Chairman of the audit committee), Pete Magowan and Sam Smith who meet regularly with the auditors to ensure that the financial performance of the Group is properly recorded and monitored and to review the reports from the auditors relating to accounts and internal control systems.
The remuneration committee consists of Pete Magowan, (Chairman of the remuneration committee), Nigel Rogers and Sam Smith. The purpose of the committee is to review the performance of the full time executive Directors and to set the scale and structure of their remuneration and the basis of their service agreements with due regard to the interests of the shareholders. It is a rule of the committee that no Director shall participate in discussions or decisions concerning his own remuneration.
The nominations committee consists of Nigel Rogers (Chairman of the nominations committee), Pete Magowan, Sam Smith and Gary Marsh. The purpose of the committee is to assist the Board in fulfilling its succession planning and nominations responsibilities.