AIM Rule 26

The Audit Committee comprises Mr J. Mellon (non-executive director), Mrs K Harcourt (non-executive director) and Mr A Cheatle (non-executive director).  

The chief financial officer and a representative of the external auditors are normally invited to attend meetings. Other directors or staff may be invited to attend, as considered beneficial by the committee.

The Audit Committee's primary responsibilities are to review the effectiveness of the company's systems of internal control; to review with the external auditors the nature and scope of their audit and the results of the audit; and to evaluate and select external auditors. To see the Charter of The Audit Committee, click here.
 

The Remuneration Committee plans to meet at least twice in each year. Its members are Mr J Mellon(non-executive director) and Mr A Cheatle (non-executive director).

The company's policy is to remunerate senior executives fairly in such a manner as to facilitate the recruitment, retention and motivation of staff. The Remuneration Committee agrees with the Board, a framework for the remuneration of the chairman, the executive directors and the senior management of the company.

The principal objective of the committee is to ensure that members of the executive management of the company are provided incentives to encourage enhanced performance and are, in a fair and responsible manner, rewarded for their individual contributions to the success of the company. Non-executive fees are considered and agreed by the Board as a whole