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directors' responsibilities

Audit Committee

The Audit Committee determines the application of financial reporting and internal control principles, including reviewing the effectiveness of the enlarged Group's financial reporting, internal control and risk management procedures and the scope, quality and results of the external audit. The Audit Committee is chaired by Sir Adrian Blennerhassett.

Members of the Audit Committee include:

• Sir Adrian Blennerhassett
• Stephen Vaughan Oakes

Remuneration and Nomination Committee

The Remuneration and Nomination Committee reviews the performance of the Executive Directors and sets their remuneration, determines the payment of bonuses to Executive Directors and considers bonus and option schemes. Each of the Executive Directors takes no part in discussions concerning their remuneration. The remuneration of the Non-executive Directors is reviewed by the Board. All Director appointments are considered by the Committee before their formal recommendation to the Board for approval. The Remuneration and Nomination Committee is chaired by Sir Adrian Blennerhassett.

Members of the Remuneration and Nomination Committee include:

• Sir Adrian Blennerhassett
• Stephen Vaughan Oakes