Corporate Governance

Corporate Governance Code >>

Committees

The Group has both an audit and a remuneration committee with formally delegated duties and responsibilities. The Audit Committee is comprised of David Cutler (Chairman) and Steffen Karlsson. The Remuneration Committee is comprised of Steffen Karlsson (Chairman) and David Cutler.

The Audit Committee determines the terms of engagement of the Group’s auditors and will determine, in consultation with the auditors, the scope of the audit. The Audit Committee receives and reviews reports from management and the Group’s auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the Group. The Audit Committee has unrestricted access to the Group’s auditors.

The Remuneration Committee reviews the scale and structure of the executive directors’ and senior employees’ remuneration and the terms of their service or employment contracts, including share option schemes and other bonus arrangements. The remuneration and terms and conditions of the non-executive directors are set by the entire Board.

Takeover Regulations

The Company is subject to the City Code on Takeovers and Mergers