Audit Committee
Membership: Graham Bird (Chairman) and Dimitri Goulandris.
The principal terms of reference of the audit committee are as follows:
- Overseeing preparation of the Group’s financial statements.
- Monitoring the adequacy of financial controls and risk management processes.
- The selection, compensation, independence and performance of the Group’s external auditors.
The audit committee meets at least twice during the year, which includes dealing with the interim and annual results.
Remuneration Committee
Membership: Dimitri Goulandris (Chairman) and Graham Bird.
The principal terms of reference of the remuneration committee are as follows:
- Setting remuneration for executive Directors, including share based incentives, pensions and other benefits.
- Monitoring the level and structure of remuneration for senior management below board level.
- Approving initial grants and subsequent exercise of all share based incentives.
The remuneration committee meets as required.