Audit Committee
The Audit Committee will assist the Board in discharging its responsibilities with regard to financial reporting, external and internal audits and controls, including reviewing and monitoring the integrity of the Group’s annual and interim financial statements, reviewing and monitoring the extent of the non-audit work undertaken by external auditors, advising on the appointment of external auditors, overseeing the Group’s relationship with its external auditors reviewing the effectiveness of the external audit process and reviewing the effectiveness of the Group’s risk management and internal control review function. The ultimate responsibility for reviewing and approving the annual report and accounts and half-yearly reports will remain with the Board. The Audit Committee will give due consideration to all applicable laws and regulations, including the provisions of the QCA Code and the requirements of the Listing Rules. The Audit Committee comprises Dr Yassine Bendiabdallah (acting as chairman of the committee) and Tamara Joseph.
Remuneration and Nomination Committee
The Remuneration and Nomination Committee will assist the Board in discharging its responsibilities in relation to:
- remuneration, including making recommendations to the Company and the Board on the Company’s policy on executive remuneration, including setting the overarching principles, parameters and governance framework of each of the Company’s Executive Directors and certain senior executives; and
- the composition and make-up of the Board and any committees of the Board and evaluating the balance of skills, knowledge and experience and the size, structure and composition of the Board and committees of the Board, retirements and appointments of additional and replacement directors and committee members and will make appropriate recommendations to the Board on such matters.
The Remuneration and Nomination committees both comprise Dr Yassine Bendiabdallah (acting as chairman of the committee), Dr Peter King-Lewis and Dr Guy Charles Fanneau de la Horie.