Board committees

Last updated:30.01.08

Audit Committee
Chairman: Karl Monaghan
Member: Dr Clive Morton

The Audit Committee will meet no less than twice each year and is responsible for making recommendations to the Board on the appointment of the auditors and the audit fee, for reviewing the conduct and control of the annual audit and for reviewing the operation of the internal financial controls. It also has responsibility for the reporting of the financial performance of the Company and for reviewing financial statements prior to publication.

Remuneration Committee
Chairman: Dr Clive Morton
Member: Karl Monaghan

The Remuneration Committee is responsible for reviewing the performance of the executive directors and setting the scale and structure of their remuneration and the basis of their service agreements with due regard to the interest of shareholders. The Remuneration Committee shall also determine the allocation of share options to employees. It is a rule of the Remuneration Committee that a Director shall not participate in discussions or decisions concerning his/her own remuneration.