There is an Audit Committee consisting of Chairman Michael Hale, Non-Executive Stephen Haffner and Non-Executive Director Richard Owen. The terms of reference of the Audit Committee are to assist the Board in the discharge of its responsibilities for corporate governance, financial reporting and internal control.
Its duties include maintaining an appropriate relationship with the company’s auditors, keeping under review the scope and the results of the audit and its effectiveness.
The Remuneration Committee consists of two Non-Executive Directors Stephen Haffner and Michael Hale, and a meeting will be held in no less than once a year. The Remuneration Committee is responsible for reviewing the performance of the executives of the Company and for setting the scale and structure of their remuneration, paying due regard to the interests of shareholders as a whole and the performance of the Company.