The Corporate Governance and Nominations Committee is made up of a minimum of three members, a majority of whom are independent non-executive directors. The Corporate Governance and Nominations Committee is chaired by Glyn Jones.
The Corporate Governance and Nominations Committee assists the Board in reviewing the structure, composition and make-up of the Board, any committees of the Board and the composition of significant subsidiary boards within the Group, succession planning, evaluating the balance of skills, experience, independence and knowledge on the Board and leading the process for board appointments and making recommendations to the Board on such matters. The Corporate Governance and Nominations Committee has agreed it is also responsible for assisting with any evaluation process to assess the overall and individual performance of the Board and its committees and reviewing the policies on diversity and progress on achieving objectives under the policy. In January 2018 the Committee agreed to set a minimum gender diversity target of 33% in line with the Hampton-Alexander Review recommendations.
The Corporate Governance and Nominations Committee is responsible for corporate governance matters such as approving material changes to, and monitoring compliance with, the Group Governance Manual. It also monitors developing trends or proposals in relation to Board governance issues and best corporate governance practice in order to determine the extent to which these initiatives impact the Group.
The Corporate Governance and Nominations Committee has recently also acquired responsibility for Board oversight of responsible business. Going forward, it will provide oversight of, and support for, the Group’s aspirations and strategy with respect to responsible business.