BHID has an Audit Committee which reviews the Group’s accounting standards and effectiveness of systems, and a Remuneration Committee which reviews all executive salaries.
The Group’s Risk & Audit committee consisting of S Davies, Exec Chair and G Henderson-Londono, Director. The meetings are attended by G Aylward, Group CFO, M Davies, Group COO and a partner from the Group’s auditors. The committee considers, reports and makes recommendations to the board on:
a) Appropriate accounting policies and compliance with accounting matters (such as contingent liabilities).
b) The adequacy and effectiveness of internal systems of reporting and control.
c) The scope of the audit; action required as a result of the auditor’s findings and conclusion, and the auditor’s remuneration.
d) The adequacy of the Group’s risk management framework and mitigation strategies.
e) The company’s environmental, social and governance (ESG) reporting.
f) The Group’s cyber security strategy and controls.
g) The Group’s data privacy policies and practices.
h) Any other matters which the committee considers appropriate or are requestsed by the Board
The Group has a well established remuneration committee. The members of the committee are S Davies, G Henerson-Londono and N Seaman. This meeting is also attended by G Aylward (Group CFO) and M Davies (Group COO). The Group CEO and Group CFO present recommendations on remuneration but do not vote on any recommendations at the meeting. The remuneration committee determines on behalf of the board the terms of appointment, dismissal and remuneration of all executive and non-executive directors.
