Board committees
Board committees
The board has established five main committees - Nomination, Remuneration, Audit, Disclosure and Responsible business. All Committees are supported by the Company Secretary or nominee. The terms of references are set out below:
The purpose of the responsible business committee is to assist the Board in promoting the long-term sustainable success of the Company with regard to ESG matters - which refers to the following areas: environmental, social and governance.
The audit committee assists the Board in performing and reviewing the integrity of the financial information provided to shareholders. This includes the internal control and risk management as well as the internal and external audit process and its auditors.
The role of the remuneration committee is to assist the board to fulfill its responsibility to shareholders to ensure that remuneration policy and practices of Ricardo are designed to support our strategy and promote long-term sustainable success, reward fairly and responsibly.
The nomination committee is responsible for corporate governance and succession planning, including leading the process for Board appointments and reviewing the appropriateness of the size, structure and composition of the Board.
The committee's role and responsibilities relates to the following topics: inside information; review of announcements and publications; external advice; regular reporting and corporate transactions; systems and controls; training (in relation to induction, and inside information); and all such other actions as are considered by the Committee to be required in order for the Committee to operate effectively.
