Board committees

You can find out more about our Board committees, their composition and terms of reference here.

Audit Committee

The Audit Committee, which meets at least three times a year, has responsibility for monitoring the integrity of our financial statements. It also oversees our risk management policies and has responsibility for reviewing the effectiveness of our system of internal controls.

The Committee oversees our relationship with external auditors and reviews the effectiveness of their processes. It also reviews our internal audit function.

Members:

Leonhard Fischer, Chairman *
Peter Hooley *
William Macaulay *

Remuneration Committee

The Remuneration Committee, which meets at least twice a year, makes recommendations to the Board on executive director and chairman compensation, as well as exercising an oversight role in relation to other areas of executive remuneration.

Members:

Tony Hayward, Chairman *
Con Fauconnier *
William Macaulay *
Sir John Bond * is also due to attend its meetings

Nominations Committee

The Nominations Committee, which will usually meet at least twice a year, has responsibility for recommending appointments of additional or replacement members to the Board, and advising when it is time for current members to retire. It also advises on the appropriate composition of the Board, including retention of current directors.

Members:

Sir John Bond, Chairman *
Tony Hayward *
Sir Steve Robson *

Health Safety, Environment and Communities (HSEC) Committee

The HSEC Committee is the only committee on which an executive director (our CEO) sits. It is responsible for formulating and recommending to the Board our policy on health and safety, environment, security and local community issues as they affect our operations.

Members:

Ian Strachan, Chairman *
Ivan Glasenberg
Con Fauconnier *

Asterisk (*) indicates director is considered by the Board to be independent of management