AUDIT COMMITTEE

The Audit Committee comprises both non-executive Directors and is chaired by Peter Barron. This committee assists the Board in its duties regarding the Group's financial statements and the maintenance of adequate internal financial controls. The Audit Committee's prime tasks are to receive reports from the Company's auditors, Grant Thornton UK LLP, and to review the half yearly and annual accounts before they are presented to the Board, focusing in particular on accounting policies and compliance and areas of management judgements and estimates.

There is no internal audit function for the Group, as the Board does not believe that this is appropriate given the size of the business.
              
REMUNERATION COMMITTEE

The Remuneration Committee comprises both non-executive Directors and is chaired by Peter Barron. Details of the executive remuneration policy are set out in the separate Directors’ Remuneration Report included within the annual accounts each year.

The Remuneration Committee determines any remuneration and benefits packages of the executive directors and considers any service contracts, salaries, other benefits, including bonuses and participation in the Company’s share option plans, and any other terms and conditions of employment including any compensation payments on termination of office.

NOMINATIONS COMMITTEE
 
The appointment of Directors is a matter for the Board as a whole and therefore a nominations committee is
considered unnecessary given the present number of Board members.