Terms of Reference

The Board is assisted by a number of Committees.

These are outlined in more detail below and in the Company’s most recent Annual Report.

The Valuations Committee

The Valuations Committee adds a further level of oversight to the valuation process carried out by Epiris under its contractual arrangements with the Company.  The members of the Committee are Paul Goodson (Chairman), David Lis, Roger Perkin and Linda Wilding.

YCYL pdf icon Terms of Reference for the Valuations Committee

Audit Committee

The Board is supported by the Audit Committee.  A report of its activities is contained in the Report of the Audit Committee on pages 146 and 147 of the Report and Accounts for the year ended 30 September 2016.  The members of the Committee are Roger Perkin (Chairman), Paul Goodson and Linda Wilding.

YCYL pdf icon Terms of Reference for the Audit Committee

Remuneration and Nomination Committee

Separate Remuneration and Nomination Committees have been established with effect from 2 December 2016. The Committee members are:

Remuneration Committee – Chairman David Lis; members John McAdam and Linda Wilding.

Nominations Committee – Chairman Neil Johnson; members David Lis, John McAdam and Roger Perkin.

The Remuneration Committee’s duties include determining and agreeing with the Board the Company’s remuneration policy. Where appropriate, the Committee will consider both the need to judge the position of the Company relative to other companies regarding the remuneration of Directors and the need to appoint external remuneration consultants.

YCYL pdf icon Terms of Reference for the Remuneration Committee

The Nomination Committee’s duties include advising the Board on the structure, size and composition of the Board and succession planning for directors and other senior executives.  The Committee is responsible for identifying and nominating, for the approval of the Board, candidates to fill Board vacancies based on merit and against objective criteria and with due regard for the benefits of diversity on the Board including gender. The Company’s policy on diversity is further detailed in the Strategic Report.

YCYL pdf icon Terms of Reference for the Nomination Committee

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