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.
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.