The Board has four main committees to which it delegates responsibility for the oversight and review of activities within its terms of reference. The Audit, the Remuneration, the Nomination Committee and the Ethics & sustainability Committee.
The Audit committee reviews the Group’s financial results and challenges management, internal audit and external audit functions on the financial reporting, risk, internal control and other compliance matters.
The Remuneration committee ensures that executive pay remains aligned with Company performance and the broader shareholder experience. The Remuneration Committee ensures the executive Directors remain motivated and incentivised, as the senior leadership team executes the approved strategy on a day-to-day basis.
The Nomination committee supports the Board’s responsibility for ensuring that a framework of recruitment and retention of talent is in place to run the Company and that succession is well planned and executed in a timely manner.
Ethics & sustainability
The Ethics and Sustainability Committee supports the Group’s development of environmental, social and governance (“ESG”) decision making.
As long-term sustainability and climate-related matters become more important to our stakeholders, this Committee has been formed to oversee and monitor our existing practices, but to also monitor new long-terms strategies to reduce our impact on the environment, improve our sustainability and to monitor our stakeholder engagement procedures and to oversee our ethics policies.
The Board and its Committees are further supported by an Executive Committee, comprising of senior leaders across the Group. The Executive Committee oversees the implementation of the Group’s growth objectives and ensures the risks and opportunities presented are actively managed.