Audit Committee

Audit Committee

The Audit Committee consists of the three non-executive Directors. The Chairman of the committee is Simon Constantine.

This committee oversees the proper observation of accounting standards, the application of the Group's accounting policies, its systems of internal financial controls and all issues relating to the preparation and approval of the Group's annual and half-yearly Report and Accounts. The committee also considers the objectivity and independence of the Group's auditors by a process of assessment and keeps the scope of non-audit service provided by the auditors and the level of non-audit fees under review. In addition it is involved in the approval of the audit fees and the auditor's terms of engagement. The Audit Committee acknowledges its responsibility to investigate any reports of impropriety or potential fraud.

Audit Committee Terms of Reference