Governance
The Directors recognise the importance of sound corporate governance. The Company has established an Audit Committee, a Remuneration Committee, a Nomination Committee and an Investment Committee.
The Audit Committee comprises Alistair Boyd (as Chairman), and Adrian Collins. The Audit Committee receives and reviews reports from management and the auditors relating to the annual and interim accounts and the accounting and internal control systems in use.
The Remuneration Committee comprises David Panter (as Chairman), and Adrian Collins. It is responsible for determining and agreeing with the Board the framework for the remuneration of Executive Directors and such other members of the management as it is designated to consider. It is furthermore responsible for determining the total individual remuneration packages of each Director including, where appropriate, bonuses, incentive payments and share options.
The Nomination Committee comprises Adrian Collins (as Chairman) and Alistair Boyd. It is responsible for reviewing the structure, size and composition of the Board, preparing a description of the role and capabilities required for a particular appointment and identifying and nominating candidates to fill Board positions as and when they arise.
The Investment Committee comprises Colin Kingsnorth (Chairman), Alex Paiusco, Geoff Bicknell, Saki Riffner and any one of the Non-executive Directors on rotation. It is responsible for the decision to enter into new investments or exit existing investments. The Investment Committee will also regularly review risk parameters and the capital allocation of the portfolio and prepare relevant documentation to be discussed at meetings of the Board.