Board Committees

 

The Board has established 3 committees: the Audit, the Compensation and the Nominations Committee.

The responsibilities of each of these committees are set out clearly in written terms of reference, which have been approved by the Board.

Appointments to these committees are for an initial period of 3 years, with potential for re-appointment for 2 further 3-year terms, subject to approval by the Board.

Audit Committee

The Audit Committee, chaired by Carol Fairweather, comprises 8 non-executive Directors.

• C. Bories
• J. Lawrence
• J. Moloney
• R. Newell
• J. Buhl Rasmussen
• G. Restrepo
• A. Anderson

Of these, Carol Fairweather and James Lawrence have recent and relevant financial experience.  The Committee met 5 times during 2017. The Group Chief Executive Officer, the Group Chief Financial Officer, the Group Internal Auditor, the Group Compliance Manager, and senior members of the finance team normally attend meetings of the Committee. The external auditors also attend and together with the Group Internal Auditor have direct access to the Committee Chair at all times.

Download Policy – SKG Audit Committee Terms of reference

The Compensation Committee

The Compensation Committee chaired by John Moloney comprises 7 non-executive Directors

• C. Bories
• I. Finan
• L. O’Mahony
• J. Buhl Rasmussen
• G. Restrepo
• C.Fairweather

The Committee met 5 times during 2017. The Group Chief Executive Officer normally attends the meetings and the Group V.P. Human Resources attends when appropriate.

Download Policy – SKG Compensations Committee Terms of reference

The Nominations Committee

The Nominations Committee chaired by Roberto Newell comprises 4 non-executive Directors. The Committee met 3 times during 2017.

• F. Beurskens
• J. Lawrence
• L. O’Mahony
• A. Anderson

Download Policy – SKG Nominations Committee Terms of reference