Investors

 

Nomination Committee

The following is an extract from the Directors' Statement on Corporate Governance contained in the Annual Report for 2010. The current composition of the board and board committees can be found here.

The Nomination Committee comprises Mr. Roderick Ryan, Chairman of the Committee, Ms. Gillian Bowler, who retires from the Board and the Committee at the conclusion of the Annual General Meeting on 4 May 2011, Mr. Michael Chadwick, Mr. Charles M. Fisher, and Mr. Richard W. Jewson. Mr. Anthony E. Collins retired from the Board and the Committee at the conclusion of the Annual General Meeting on 6 May 2010. The Board is actively engaged in orderly succession planning and is assisted in this function by the Nomination Committee. The Committee keeps the composition, skills and diversity of the Board under review to ensure that it has the range of skills required for the Board to meet the demands of the business and fulfil its obligations to shareholders. The Nomination Committee met five times during the year to consider the appointment of a CEO, Board membership and additional skills which might benefit the Board’s performance. The Committee identified, and recommended to the Board, the appointment of Mr. Gavin Slark as Group Chief Executive. The Committee also identified and recommended the appointment of Ms. Annette Flynn as a non-executive director. External search consultants were engaged to identify suitable candidates for both appointments. Committee members were also aware, from their own research and enquiries, of candidates with the appropriate skills and experience. The Committee also considered succession planning generally at Executive Director level.

The Nomination Committee’s terms of reference are available from the Company and can also be found on the Group’s website at www.graftonplc.com.

To read the PDF documents on this page you may need to download the free Adobe Reader or you can use the free online conversion tools.