1.1  The Committee shall be appointed by the Board and shall comprise the Chairman, the Chief Executive, the Senior Independent Director and at least two other members.

1.2  A majority of members of the Committee shall be independent non-executive directors.

1.3  The Group Chairman shall be the Chairman of the Committee, but shall not chair the Committee when it is dealing with the appointment of a successor to the chairmanship.

1.4  In the absence of a Committee Chairman and/or an appointed deputy, the remaining members present shall elect one of their number to chair the meeting from those who would qualify under these terms of reference to be appointed to that position by the board.

1.5  Save for Chairman, the Chief Executive and the Senior Independent Director appointments to the Committee shall be for a period of up to three years, which may be extended for two further three-year periods provided that the majority of the Committee members remain independent.

 Return to Investors