The Directors are accountable to shareholders for the good corporate governance of the Group and seek to uphold and report on compliance with current best practice in Corporate Governance.

The Board of Directors

The Board of directors consists of two Executive and three Non-Executive Directors. Mr A M Morrison is the senior Non-Executive Director.

Mr A Taylor (Non-Executive Chairman)

Dr D D Rees (Chief Executive Officer)

Mr P J Morgan (Chief Financial Officer)

Mr A D Morrison (Non-Executive Director)

Dr P R Blower (Non-Executive Director)

The Board has established the following committees:

Audit Committee

The Audit Committee comprises:

Mr A D Morrison (Chairman)

Mr A Taylor

Dr P R Blower

The Committee assists the Board in ensuring that the Group’s published financial statements give a true and fair view and in securing reliable internal financial information for decision making. The Committee reviews the findings of the external auditors and reviews key accounting policies and judgements. The Audit Committee is also responsible for monitoring the effectiveness of the external audit process and the independence of the external auditors, recommending audit fee proposals to the Board and considering the scale and nature of non-audit work. Non-audit services provided by the external auditors are discussed to ensure the Committee is satisfied regarding the objectivity and independence of the external audit, including any relevant safeguards. Any material non-audit fees are approved by the Committee before being committed.

To download Pdf (29 KB) Audit Committee terms of Reference

Remuneration Committee

The Remuneration Committee comprises:

Dr P R Blower (Chairman)

Mr A Taylor

Mr A D Morrison

The Committee is responsible for making recommendations to the Board on remuneration policy for all members of staff and Executive Directors. The policy recommendations include setting salary scales, and approving the format and range of incentive payments and share option grants to all staff. Remuneration of Non-Executive Directors is under the control of the Executive Directors.

To download Pdf (16KB) Remuneration Committee Terms of Reference

Nomination Committee

The Nomination Committee comprises:

Dr R P Blower (Chairman)

Mr A Taylor

Mr A D Morrison

The Committee leads the process for Board appointments

To download Pdf (20.5 KB) Nomination Committee terms of Reference