Board Committees

The Board has three main committees, whose roles are to ensure that the Group's affairs are conducted in accordance with company policy and within the framework of all relevant legal jurisdictions:

Audit and Risk - reviewing the Group's financial affairs and reports, Remuneration - which governs remuneration levels for Directors of the Group and its senior executive management, and Nominations - which reviews the appointment of Directors of the Group.

Audit and Risk Committee

The Board of Directors requires that the Group's businesses conduct themselves in accordance with acceptable ethical standards (as identified by the Code of Ethics and Business Conduct policy) and comply with all applicable laws, regulations and the policies and directives of the Board.

To meet these objectives at a Group level and within the business units, well-structured systems of internal control, risk management and corporate governance will be maintained and compliance with such systems reported upon. The Board of Directors has established an Audit and Risk Committee with authority to enable it, in conjunction with internal and external auditors and such other advisors as it considers necessary, to ensure that the Board's objectives, as stated above, are met. The Committee's responsibilities are more fully detailed on the attached document, "Audit and Risk Committee - Terms of Reference".

Committee Members

Sean Collins (Chairman)
Nicholas George
Alexander Waugh

Download the Audit and Risk Commitee's Terms of Reference

Remuneration Committee

The Board of Directors requires that any remuneration policy for the Executive Directors of the Company takes into account the relevant provisions of "The UK Corporate Governance Code", as well as considering  both market and competitive conditions.

The Board of Directors has established a remuneration committee (the "Committee") to enable it, in conjunction with external advisors, to ensure that the Board's objectives are met.  The Committee's responsibilities are more fully detailed on the attached statement, "Remuneration Committee - Terms of Reference".

Committee Members

Alexander Waugh (Chairman)
His Excellency Shaukat Aziz
Nicholas George
Sean Collins
Susan Farr

Download the Remunerations Committee Terms of Reference

Download the Remunerations Consultant's Statement of Independence

Nominations Committee

The Board of Directors requires that there is a formal and transparent process for selecting and recommending to the Board all proposed appointments of new Directors in accordance with the relevant provisions of "The UK Corporate Governance Code".

The Board of Directors has established a nomination committee with authority to enable it to ensure that the Board's objectives are met.

The Committee's responsibilities are detailed on the attached document, "Nominations Committee - Terms of Reference".

Committee Members

Kwek Leng Beng (Chairman)
Kwek Leng Peck
Alexander Waugh
His Excellency Shaukat Aziz
Sean Collins
Susan Farr

Download the Nominations Committee's Terms of Reference