The Board has established an Audit Committee, a Remuneration Committee and a Nominations Committee.
- the Audit Committee which is comprised of Laurence Milsted, Simon Howard and Carol Ashton as members and chaired by Laurence Milsted. The Audit Committee will monitor the quality of the Enlarged Group’s internal financial controls, it will review its financial results and financial statements and report on them to the Board; it will also maintain the Enlarged Group’s relationship with its auditors and make recommendations to the Board concerning the auditors and fixing their remuneration. The Audit Committee will meet at least three times a year.
- the Remuneration Committee which is comprised of Carol Ashton, Simon Howard and Laurence Milsted as members and chaired by Carol Ashton. The Remuneration Committee will review the performance of the executive directors of the Company and determine their terms and conditions of service, including their remuneration and the grant of options. The Remuneration Committee will meet at least twice a year.
- the Nominations Committee which is comprised of Simon Howard, Carol Ashton and Laurence Milsted as members and chaired by Simon Howard. The Nominations Committee will identify and nominate, for the approval of the Board, candidates to fill Board vacancies as and when they arise. The Nominations Committee will meet at least twice a year.
A summary of the terms of reference for the Audit Committee, the Remuneration Committee and the Nominations Committee is set out in paragraph 16 of Part 6 of the admission document.
Share Dealing Policy
The Company has adopted a share dealing policy for dealings in securities of the Company by directors and certain employees which is appropriate for a company whose shares are traded on AIM. This will constitute the Company’s share dealing policy for the purpose of compliance with MAR and the AIM Rules.