Committees of the Board

 

There is one Committees of the Board, the Remuneration Committee.

Under the overall supervision of the Main Board, both Committees are chaired by Thomas O'Gorman (Chairman).

The Management Committees oversee the execution of strategy and policy as decided by the Main Board.

The Executive Committee is made up of the Chairman and the Chief Executive of the Company.

Remuneration Committee:
The remuneration committee currently consists of Thomas O'Gorman. The remuneration committee is responsible for establishing a formal and transparent procedure for developing policy on executive remuneration and for setting the remuneration package of the individual directors. This includes agreeing with the Board the framework for remuneration of the chief executive, all other executive directors, the chairman (if executive), the company secretary and such other members of the executive management of the company that it is designated to consider. It is also responsible for determining the total individual remuneration package of each director, including, where appropriate, bonuses, incentive payments and share options. The committee takes external advice, as appropriate, on remuneration issues and takes cognizance of major surveys covering all aspects of pay and benefits of directors and senior executives in many companies

The Non-Executive directors make up the members of the Remuneration Committee.