Members

Les Cullen (Chairman)
Patrick Balfour
Nick Keegan
David Trapnell

The Committee consists entirely of independent non-executive directors and meets at least four times a year. It meets with the Chief Executive and Group Finance Director, as well as privately with both the external and internal auditors.

In summary, the Committee:

• Reviews and advises the board on the Group's annual and half-yearly financial statements, interim management statements and trading updates;
• Provides an independent overview of the systems of internal control, risk management and financial reporting;
• Monitors the work of the internal and external auditors;
• Reviews and monitors the independence and objectivity of the Company's external auditors;

and reports to the board on the work that it has carried out.

The following terms of reference of the Committee include all matters indicated by the Combined Code.

Terms of reference - click for detail

	Membership and Attendance Secretary Quorum Meetings Notice of Meetings Annual General Meeting Duties Internal Controls and Risk Management Whistle-blowing and Fraud Internal Audit External Audit Financial Reporting Reporting Responsibilities Other Matters Authority

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