All major decisions are made by the Board; however, the Board has established four committees to enable it to handle certain matters in more depth: the Audit and Risk Committee, the Nomination Committee, the Remuneration Committee and the Sustainability Committee.
Each Committee is chaired by, and made of, a majority of Independent Non-Executive Directors.
The Audit and Risk Committee advises and makes recommendations to the full Board on financial statements and reports, to ensure the Company’s accounting methods are appropriate and reliable. It also checks the adequacy and effectiveness of the internal control and risk management system.
The Audit and Risk Committee recommends the appointment of the Company’s external audit firm and assesses its independence.