The current membership of IPF's Board committees is set out in the table below.
The Audit and Risk Committee’s principal responsibilities are to provide assurance to the Board on:
The Committee also makes recommendations to the Board, to put to shareholders at the AGM on the appointment, reappointment or removal of the external auditors, and approves their remuneration and terms of engagement.
Meetings are held during the year, covering both audit and risk-related matters, with two meetings specifically focused on risk. In addition to Committee members, the external auditor, the Chief Executive Officer, the Chief Financial Officer and the Group Head of Internal Audit are invited to attend all meetings. Periodically, senior management from across the Group are invited to present on specific aspects of the business.
The Committee meets the external auditor from time to time without an executive director or a member of the senior management team being present. It also reviews its own performance and terms of reference regularly.
Click here for the Audit and Risk Committee's terms of reference
Audit and Risk Committee |
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Richard Holmes (Chair) |
Aileen Wallace |
Deborah Davis |
The Remuneration Committee’s principal responsibilities are to:
The Committee also makes recommendations to the Board, to put to shareholders at the AGM on the Directors’ Remuneration Policy, which is subject to a binding vote every three years.
There are four meetings held during the year and, in addition to Committee members, other individuals such as the Chief Executive Officer, the Chief Human Resources Officer, the Group Head of Reward and external advisers may be invited to attend for all or part of any meeting. However, no director or executive is present during the Committee’s discussion on their own remuneration. It also reviews its own performance and terms of reference regularly.
Click here for the Remuneration Committee's terms of reference
Remuneration Committee |
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Deborah Davis (Chair) |
Richard Holmes |
Stuart Sinclair |
Katrina Cliffe |
The Nominations and Governance Committee’s principal responsibilities are to:
The Committee also makes recommendations to the Board, to put to shareholders at the AGM on the election and re-election (as appropriate) of directors.
The Committee meets four times a year and at other times as required and, in addition to Committee members, other individuals such as the Chief Legal Officer, the Chief Human Resources Officer and external advisers may be invited to attend for all or part of any meeting. It also reviews its own performance and terms of reference regularly.
Click here for Nominations and Governance Committee's Terms of reference
Nominations and Governance Committee |
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Stuart Sinclair (Chair) |
Deborah Davis |
Richard Holmes |
Aileen Wallace |
Katrina Cliffe |
The principal responsibilities of the Disclosure Committee include:
The Committee’s members, who are appointed by the Board, comprise the Chief Executive Officer, the Chief Financial Officer and the Chief Legal Officer. The Committee meets during the year as required and reviews its performance and terms of reference regularly.
Click here for the Disclosure Committee's Terms of reference
Disclosure Committee |
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Gerard Ryan (Chair) |
Gary Thompson |
Thomas Crane |