Board Committees

Argent recognises the importance of sound corporate governance. The Board of Directors has established a Remuneration Committee, Nomination Committee and an Audit Committee.

The Nomination Committee

The nomination committee, which comprises all three of the Non-executive Directors, is chaired by David Gray and meets as required during the year. The committee considers the size, structure and composition of the Board, retirements and appointments of additional and replacement Directors and makes appropriate recommendations to the Board.

The Remuneration Committee

The remuneration committee, which comprises a minimum of two independent non-executive directors, is chaired by Kevin Hart and meets as required during the year. It is responsible for reviewing the performance of the Executive Directors and for setting the scale and structure of their remuneration, paying due regard to the interests of Shareholders as a whole and the performance of the Group.

The Audit Committee

The audit committee, which comprises a minimum of two independent non-executive directors, is chaired by Colin Rutherford and meets at least twice a year. The committee reviews the Company’s interim and annual financial statements before submission to the Board for approval. The committee also reviews regular reports from management and the external auditors on accounting and internal control matters. Where appropriate, the committee monitors the progress of action taken in relation to such matters.

The audit committee also recommends the appointment of, and reviews the fees of, the external auditors.