Board Committees
Board Responsibilities
The Board of The Parkmead Group plc is ultimately responsible for the strategy and overseeing the performance of the Group. Its main focus are strategic, growing shareholder value, oversight and control and corporate governance.
In support of this certain matters are reserved for the Board, or Committees to which the Board has delegated authority. Reserved matters cover inter alia: setting the Group’s strategic direction, approving the Group’s annual budget, investment and divestment decisions and decisions relating to the financing of the Group.
Audit Committee
The Board has established an Audit Committee, whose Chairman is Colin Goodall and member is Tom Cross. The Committee has formally delegated duties and responsibilities for ensuring that the financial performance of the Company is properly reported on and monitored, including reviews of the annual and interim accounts, results annoucements, internal control systems and accounting policies.
Remuneration Committee
The Board has established a Remuneration Committee whose Chairman is Tom Cross and member is Colin Goodall. This Committee meets at least bi-annually and is responsible for reviewing the appropriate levels of renumeration for Directors.
