There are three board committees: nomination, remuneration and audit.
The Company’s Nominations Committee is chaired by Richard Grainger,
Chairman of Safestore. Adrian Martin and Keith Edelman (independent
Non-Executive Directors) are the other members.
The Nomination Committee assists the Board in discharging its
responsibilities relating to the composition of the Board. It is also
responsible for periodically reviewing the Board’s structure and
identifying potential candidates to be appointed as Directors. The
committee is further responsible for evaluating the balance of skills,
knowledge and experience on the Board, the size, structure and
composition of the Boards, retirements and appointments of the
additional and replacement directors and will make appropriate
recommendations to the Board on such matters.
The Nomination Committee will meet formally at least twice a year
and otherwise as required.
Keith Edelman, Non-Executive Director chairs the remuneration
committee. Richard Grainger, Adrian Martin (independent Non-Executive
Directors), are the other members of the committee.
The Remuneration Committee assists the Board in determining its
responsibilities in relation to remuneration, including making
recommendations to the Board on the Company’s policy on executive
remuneration, determining the individual remuneration and benefit
package of each of the executive directors and recommending and
monitoring the remuneration of senior management below Board level.
The Remuneration Committee will meet formally at least twice a year
and otherwise as required.
The membership of the audit committee comprises three independent
Non-Executive Directors: Richard Grainger, Keith Edelman and Adrian
Martin who is also the Chairman of the committee.
The Audit Committee assists the Board in discharging its
responsibilities with regard to the financial reporting, external and
internal audits and controls, including reviewing the Company’s annual
financial statements, advising on the appointment of external auditors
and reviewing the effectiveness of the Company’s internal audit
activities, internal controls and risk management systems. The final
responsibility of reviewing and approving the annual report and accounts
and half yearly reports remains with the Board.
The Audit Committee will meet formally at least twice a year and
otherwise as required.