The Board has established an Audit and Risk Committee, a Nominations and Governance Committee and a Remuneration Committee, each of which has formal terms of reference approved by the Board.

Audit and Risk Committee
The objective of the Audit and Risk Committee is the provision of effective governance over the appropriateness of financial reporting of the Group, including the adequacy of related disclosures, the performance of both the internal audit function and the external auditor and oversight over the Group’s systems of internal control, business risks and related compliance activities.

Nominations and Governance Committee
The objective of the Nominations and Governance Committee is to make sure the Board comprises individuals with the necessary skills, knowledge and experience to ensure that it is effectively discharging its responsibilities and to have oversight of all matters relating to corporate governance.

Remuneration Committee
The objective of the Remuneration Committee is to assess and recommend for shareholder approval the Remuneration Policy and to determine packages for the individual executive directors.

The committees

Audit and Risk Committee

Download the Audit and Risk Committee terms of reference

Current members:

David Nish (Chairman)
Sir Crispin Davis
Dame Clara Furse
Maria Amparo Moraleda Martinez

Nominations and Governance Committee

Download the Nominations and Governance Committee terms of reference

Current members:

Gerard Kleisterlee (Chairman)
Sir Crispin Davis
Val Gooding
Renée James

Remuneration Committee

Download the Remuneration Committee terms of reference

Current members:

Val Gooding (Chairman)
Mathias Döpfner
Renée James
Samuel Jonah