Organisational structure
The board has established an organisational structure which is designed to allow for effective and efficient decision-making across the business.
The board has delegated authority to the committees described below on specific matters, which are set out in their terms of reference. These authorities are reviewed regularly. Membership of the various committees is made up solely of Non-Executive Directors.
Safety, Health and Environment Committee
The Safety, Health and Environment Committee comprises four Non-Executive Directors and is chaired by Lawrie Haynes. The committee’s role is to monitor the safety, health and environmental responsibilities of the company.
Committee members:
Lawrie Haynes – chairman
Malcolm Brinded
Graham Eccles
Janis Kong
Audit Committee
The Audit Committee comprises four independent Non-Executive Directors and is chaired by Michael Firth. The main responsibilities of this committee are to monitor the integrity of the financial reporting and the audit process and to monitor that an effective management and internal control system is maintained. The committee has a structured programme of activities including receipt of regular detailed reports on relevant aspects of management, focused to coincide with key events of the annual financial reporting cycle.
Committee members:
Michael Firth – chairman
Lawrie Haynes
Janis Kong
Keith Ludeman
Remuneration Committee
The Remuneration Committee comprises four Non-Executive Directors and is chaired by Steve Russell. It determines appropriate levels of Directors’ and senior executives’ remuneration including their incentive.
Committee members:
Steve Russell – chairman
Graham Eccles
Michael Firth
Rick Haythornthwaite
Nominations Committee
The Nominations Committee is chaired by Steve Russell and includes three Non-Executive Directors. The role of the committee includes reviewing regularly the size, structure and composition of the board, making recommendations to the board on any adjustments that may be deemed necessary and feasible (including on matters such as succession planning), evaluating the balance of skills, knowledge and experience of the board and identifying and nominating candidates for appointment as director for approval by the board.
Committee members:
Steve Russell – chairman
Graham Eccles
Rick Haythornthwaite
Janis Kong
Treasury Committee
The Treasury Committee comprises two Non-Executive Directors with Michael Firth as chairman. The committee’s role is to review and satisfy itself as to the appropriateness of proposed treasury transactions including banking, cash management, debt raising and management and investment management.
Committee members:
Michael Firth – chairman
Steve Russell
Policy & Performance Committee
The Policy & Performance Committee is chaired by Bridget Rosewell and includes five further Non-Executive directors. The committee’s role is to monitor the quality, scope and integrity of the long and short term planning and monitor operational and project risk management of the company. It also monitors the status of stakeholder goodwill and the company’s approach to stakeholder relationships.
Committee members:
Bridget Rosewell - chairman
Rick Haythornthwaite
Graham Eccles
Lawrie Haynes
Keith Ludeman
Steve Russell