The purpose of the Audit Committee is to assist the Board in fulfilling its responsibilities in relation to financial reporting, including reviewing the Group’s annual and half year financial statements and accounting policies, overseeing internal and external audits and controls, reviewing and monitoring the scope of the annual audit and the extent of the non-audit work undertaking by the external auditors, advising on the appointment of external auditors and reviewing the effectiveness of the internal audit, internal controls, and whistleblowing and fraud systems in place within the Group. The Audit Committee will normally meet at least four times a year.
The Audit Committee is chaired by Catherine Barton and its other members are Andy Pomfret, Ian Clark and Rebecca Shelley. The Code recommends that all members of the Audit Committee be non-executive directors, independent in character and judgement and free from any relationship or circumstance which may, could or would be likely to, or appear to, affect their judgement. The Code also recommends that one member of the committee has significant, recent and relevant financial experience. The Board considers that the Company complies with these recommendations of the Code.
The company’s Audit Committee terms of reference can be found here