The board has delegated certain authority to the following
committees. Each committee has formal terms of reference, which are
available in the terms
of reference section of this website.
The membership of each committee is shown in the
Board of Directors section of the
website.
Executive committee
Chaired by the chief executive and comprising the executive
directors and the chairman, it has delegated authority to supervise
the executive and operational management of the company.
Audit committee
The audit committee reviews the group's system of internal control,
accounting policies and financial and other reporting procedures.
It makes recommendations to the board relating to the appointment
of the external auditors. It agrees the nature and scope of the
audit, reviews its results and cost effectiveness and the
independence and objectivity of the auditors in accordance with the
policy described on page 31 of the Annual Report and Accounts 2004.
Christopher Fisher is chairman and Derek Roberts and Ken Jackson
are members of the audit committee.
Remuneration committee
The remuneration committee recommends to the board the remuneration
policies for the executive directors and senior management and
determines remuneration packages for those executives. No director
is involved in discussion or voting in relation to their own
remuneration. David Salkeld is chairman and Derek Roberts and Ken
Jackson are members of the remuneration committee.
Nominations committee
The nominations committee makes recommendations to the board on the
appointment of directors. John Napier is chairman and Ken Jackson,
David Salkeld and Derek Roberts are members of the nominations
committee.
Corporate Social Responsibility (CSR)
Committee
The CSR committee recommends to the board appropriate CSR and
environmental policies and procedures. It is responsible for the
publication of the CSR annual review which is available on the
internet at
www.keldagroup.com. John
Napier is chairman and Kevin Whiteman and Roger Hyde are members of
the committee.
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