Throughout the year the board regularly monitors the way the company manages its risks and opportunities. The board is supported in this process by
the work of its committees. These are described in more detail in the section on the work of the board in governance (see Related links) but brief details
of three committees of particular importance to shareholders are given below. Each committee comprises solely independent non-executive directors and
plays a key role in testing the decisions, processes and judgements of executive management.
 |
 |
The Audit Committee is chaired by Sir Ian Prosser. It is responsible for monitoring all the reporting,
accounting, control and financial aspects of executive management activities. |
|
|
 |
|
The Ethics and Environment Assurance Committee is chaired by Dr Walter Massey. It is responsible
for monitoring the non-financial aspects of executive management activities. |
|
|
 |
|
The Remuneration Committee is chaired by Sir Robin Nicholson. It is responsible for
determining the structure of rewards for the group chief executive and executive directors. |
|
|
|
|
|
|
|
In this section |
|
| The board committees |
|
|
|
|
|
|
|
|
|
