The Board has three committees which support the operation of the Board through their focus on specific areas of governance. Details of these Committees and their terms of reference are outlined below:
The Audit Committee supports the Board in its responsibilities relating to monitoring the Group's financial reporting process, reviewing and monitoring the risk management and internal controls systems, overseeing the work of the Group's Internal Audit function and advising the Board on the appointment and independence of the Group's external auditor.
The Nomination Commitee oversees succession planning for Board and senior management positions and ensures that the Board has the appropriate balance of skills and experience to provide effective oversight of the Company.
On behalf of the Board, the Remuneration Committee is responsible for determining the remuneration policy for the CEO and the other Executive Directors on an annual basis.