Directors
| Executive Directors
| Job Title | R | A |
|
|
|||
| Norman Smith | Chief Executive Officer | ||
| Melvyn Segal | Finance Director | ||
| Dr Raymond Lohr | Technical Director | ||
| Harley Storey-Macintosh |  | |
|
| Non Executive Directors | Job Title | R | A |
|
|
|||
| David Kleeman | Chairman | | |
| Rodney Westhead | | |
|
| R - member of remuneration committee |
| A - member of audit committee |
Data provided by Hemscott PLC.Disclaimer
Board Committees
The Board of Directors has referred certain responsibilities to the Board Committees which operate within defined terms. The current composition of Board Committees is as follows:
Audit Committee
The purpose of the Audit Committee is to provide formal and transparent arrangements for considering how to apply the financial report and internal control and to maintain an appropriate relationship with the Company's auditors. The key terms are as follows:
- Monitor the integrity of the financial statements of the Company, and any formal announcement relating to the Company's performance.
- Monitor the effectiveness of the external audit process and make recommendations to the Board in relation to the appointment, re-appointment and remuneration of the external auditors.
- Review the relationship with the external auditors including (but not limited to) their independence and objectivity.
- Review the effectiveness of the Company's financial reporting and internal control policies and systems.
- Review, at least annually, the need for an internal audit function.
Remuneration Committee
The purpose of the Remuneration Committee is to establish a formal and transparent procedure for developing policy on executive remuneration and to set the remuneration packages of individual full-time Executive Directors. The key terms are as follows:
- Determine and agree with the Board the framework or broad policy for the remuneration of the full-time Executive Directors.
- Determine the total individual remuneration package of each full-time Executive Director including, where appropriate, bonuses, incentive payments and share options.
- Determine targets for any performance related pay schemes; and
- Determine the policy for and scope of pension arrangements for full-time Executive Directors.