Membership of the three key committees was refreshed in January 2007. Current membership of each committee is detailed below.
Nomination committee
Current members: Martin Adamson, Tim Clarke, Javier Ferrán, Lord Jay.
Chairman: Martin Adamson.
Click here for further details of the Nomination committee.
Audit committee
Current members: Tim Clarke, Lord Jay, Peter Smith.
Chairman: Peter Smith.
Click here for further details of the Audit committee.
Remuneration committee
Current members: Martin Adamson, Javier Ferrán, Peter Smith.
Chairman: Martin Adamson.
Details of the Remuneration committee and its policies can be found in the Remuneration report of the
Annual report and accounts 2007.
The terms of reference of the Board committees are available via the following links:
Nomination committee terms of reference
Audit committee terms of reference
Remuneration committee terms of reference
Board evaluation
In the final financial quarter the senior independent director led the annual process which enabled the board to evaluate the effectiveness of its performance. This involved an individual discussion with Lord MacGregor and each director based upon designated areas and topics. All input was treated as strictly confidential and was not attributed to any individual board member. The results of this exercise were subsequently reviewed by the board. The performance of the Chairman was also appraised at a meeting of the non-executive directors chaired by the senior independent director and taking into account the views of the executive directors.
The process in 2007 confirmed that all directors continued to contribute effectively and with proper commitment, including of time, to their roles.
