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Membership

The committee comprises at least three members, all independent non-executive directors. The Chairman of the committee, Mr T M Gateley, has significant relevant financial experience and the intention is to ensure that the membership includes at least one such person. The quorum is any two members of the committee.

Terry Gateley - Chairman
Kevin Beeston
John O'Shea – Secretary

Meetings

The committee meets at least four times per year and spends time alone with the external auditor. The following are regularly invited to attend for part of its meetings; the Chairman, Chief Executive, Finance Director, Controller and manager of internal audit.

Principal responsibilities

• to monitor the integrity of the financial statements of the Company and the reporting of financial information by the Company.
• to review and monitor the effectiveness of the systems of internal financial control including the internal audit process.
• to review the independence, scope, findings and effectiveness of the external audit.
• to set and monitor the policy on any engagement of the auditor to provide non-audit services.
• to make recommendations regarding the appointment or re-appointment of the external auditor and to set the terms of engagement including the audit scope and programme and to approve the auditor's fees.

To download a copy of the Audit committee policy in Acrobat PDF format please select your desired language below.