Directors' Subcommittees

Audit Committee

An Audit Committee has been established and is responsible for ensuring that the financial performance of the Company is properly reported on and monitored. It liaises with the auditors and reviews the reports from the auditors relating to the accounts and internal control systems.

Members of the Audit Committee

Graham Basil Ashley
Dr Clive Neil Morton, OBE
Dr David Stone, BSc PhD

Remuneration Committee

The Remuneration Committee meets at least once per year with the following principal responsibilities:

• Setting, reviewing and recommending to the Board for approval, the Group’s overall remuneration policy and approving individual packages for directors and senior managers.
• Setting, reviewing and recommending to the Board, alterations to service contracts for Directors including notice periods and terms of employment.

Members of Remuneration Committee

Karl Eric Watkin, MBE
Dr Clive Neil Morton, OBE
Dr David Stone, BSc PhD

Nominations Committee

The Nomination committee meets as required to carry out its duties. Its duties include:

• Making recommendations to the Board concerning new board appointments;
• Reviewing the effectiveness of the board structure;
• Considering succession planning for directors and senior executives; and
• Making recommendations to the board concerning directors retiring by rotation under the Articles of Association of the Company.

Members of Nominations Committee

Dr Clive Neil Morton, OBE
Graham Basil Ashley
Dr David Stone, BSc PhD