Report of the nominations committee

Membership

The nominations committee comprised the independent, non-executive directors, Messrs Neathercoat, Corbyn, Newell and Farnes and Mrs de Moller. Mr Ivey chaired the committee until 1st January 2010 when Mr Corbyn took over this role.

Roles and responsibilities

The terms of reference for the committee are available on the company’s website.

Meetings

The committee will meet at least once a year to carry out the annual appraisal of the board and its committees. Further meetings are arranged, as required, to discharge the committee’s responsibilities in connection with identifying and nominating to the board suitable candidates to fill vacancies for non-executive directors and, if requested, executive directors.

Work of the Committee

During the year, the committee has carried out the following:

  • appraised the board and its committees;
  • discussed the composition, independence and refreshment of the board and consequently introduced a policy of change and refreshment. This will commence with the appointment of a new non-executive director during 2010 and be followed by a programme of refreshment over a number of subsequent years; and
  • at the request of the company, met with and provided feedback on the candidates for the new finance director.

S.A. Corbyn
Chairman of the nominations committee
17th March 2010

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