Nomination Committee

Ron Sandler is the Chairman of the Nomination Committee. The other members are Ian Cormack and Tom Cross Brown. The Nomination Committee is responsible for considering the size, composition and balance of the Board, the retirement and appointment of Directors and making recommendations to the Board on these matters. During 2010 the appointment of new Directors was considered by the whole Board, as the Nomination Committee was not established until 18 February 2010 following the appointment of additional independent Non-Executive Directors to the Board. In all cases, an external search consultancy was used to identify suitable candidates. The Nomination Committee will consider succession planning for Directors and other Senior Executives prior to its consideration by the Board.

During 2010 the Nomination Committee met to review its duties and how they should best be addressed. It also reviewed the process being undertaken for the Board Effectiveness Review which was concluded in December 2010. The Committee agreed that the outcome of the Board Effectiveness Review would inform the Committee's review of the Board structure, size and composition which would take place in 2011 prior to the Board putting forward Directors for re-election at the 2011 Annual General Meeting on 13 May 2011.

Nomination Committee Terms of Reference.