Aurelian

Committees

Executive Committee

An Executive Committee (ExCo) has been formed as the Senior Executive Management team for the Company. The committee will meet monthly and will report to the Board of Directors. It will be repsonsioble for the day to day operations of the company and  for carrying out and effecting the policies of the Board.

 

Committee members:  

- Rowen Bainbridge
- Mark Reid
- Michael Seymour
- Roy Hartley

- Olly Horne


 

Remuneration Committee
The Remuneration Committee, which meets at least twice a year, through its terms of reference assists the board to determine the remuneration arrangements and contracts of the executive directors and senior employees.
 
The committee is chaired by John Lippitt and also includes three non-executive directors:
 
Remuneration Committee members
- John Lippitt, chairman
- David Prior
- Malcolm Pattinson
- Ray Godson, secretary
 
No director is involved in deciding his own remuneration.
 
 
Corporate Governance Policy
The directors recognise the importance of sound corporate governance and the guidelines set out in the Combined Code of Corporate Governance. Companies on AIM are not required to comply with the Combined Code and due to its size the company is not in full compliance, however, the company intends to comply with the Combined Code so far as is practicable and appropriate. 
 
 
Audit Committee
 
The Audit Committee comprises four  non-executive directors.
 
The Audit Committee, which has Terms of Reference agreed by the board and available to shareholders on request, meets at least three times a year to: review the company's accounting policies; to monitor the integrity of the company's financial statements and announcements; to review internal control and risk management systems and compliance procedures; and to make recommendations to the board to be put to shareholders for their approval in general meeting in relation to the appointment, re-appointment and removal of the external auditor and to approve the remuneration and terms of engagement of the external auditor.
 
During 2008 the committee met three times with each committee member attending all meetings. A full systems review was carried out by the auditors, shortly after the company's shares were listed on AIM, and a detailed report was made to the committee. Meetings are attended, by invitation, by the managing director and the commercial director .
 
Audit Committee members
- John Lippitt – Acting Chairman
- David Prior
- Malcolm Pattinson
- Ray Godson, secretary

 

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