The Committee currently consists of the senior independent non-executive director and three independent non-executive directors including at least one member with recent and relevant financial experience (who also chairs the Committee). Also, within the committee, there are individuals who have retail and consumer brand experience.
The Committee has a schedule of regular, structured meetings and will consult with external auditors and senior management where appropriate. The Committee considers financial reporting and reviews the Group's accounting policies, annual statements and internal controls. In particular, any major accounting issues of a subjective nature are discussed by the Committee. The Committee also reviews internal and external audit activity and the effectiveness of the risk management process; significant risk issues are referred to the Board for consideration
Terms of Reference