Audit Committee

The Audit committee is currently made up of:

Members: Rod Perry, Lord Moonie and Tim Bristow.

Responsibilities
The Audit Committee meets formally at least quarterly and the Group Finance Director and internal and external auditors attend for part or all of each meeting. The internal and external auditors have unrestricted access to the documentation produced by the Audit Committee and its Chairman. The Audit Committee considers all matters relating to financial controls and reporting, internal and external audits, the scope and results of the audits, the independence and objectivity of the external auditors, the regulatory position and risk profile of the Group and internal financial controls. The Audit Committee may hold private sessions with the external auditors and the internal auditors, at which management and Executive Directors will not be present.

Other Information
The Combined Code, with which the Group complies, recommends that all members of the audit committee should be non-executive directors who are independent for Combined Code purposes and at least one member should have recent and relevant financial experience. The Terms of Reference for the Audit Committee are also available here.