The Audit & Risk Committee is chaired by Cathriona Hallahan and also includes Elizabeth McMeikan and Jon Mortimore, who meet five times per annum. The Committee monitors the integrity of the Group’s financial statements, accounting policies and the key judgements made in the financial statements. The Committee also assesses whether the Annual Report, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the Company’s position and performance, business model and strategy. The Committee reviews the effectiveness of the Group’s internal control systems, oversees the relationship with our External Auditor and reviews the Group’s compliance framework. The Committee also monitors our Internal Audit function, our risk management and identification systems, as well as our health, safety and operational risks.
The Remuneration Committee is chaired by Elizabeth McMeikan with additional members John Hennessy and Gervaise Slowey. They meet five times per year and are responsible for reviewing the ongoing appropriateness and relevance of the remuneration policy, also considering the pay and employment conditions across the Group. Further, the committee considers and recommends to the Board what the Group framework for the remuneration of the Executive Directors should be. Within the terms of the agreed policy, the committee determines the total individual remuneration package of the Chair and each Executive Director, including salary, benefits, bonuses, and incentive payments, as well as setting awards and performance targets to be used, subject to Board and Shareholder approval.
The Nomination Committee is chaired by John Hennessy and includes Cathriona Hallahan and Elizabeth McMeikan They meets three times a year to review the structure, size, and composition of the Board, as well as making recommendations to the Board regarding any changes. The committee assesses the effectiveness and performance of the Board and each of its committees, including consideration of the balance of the board based on different criteria such as skills, independence, and diversity, among other factors. The committee is responsible for considering succession planning for Directors and members of the Executive Management Team, as well as identifying and nominating new members to the Board. Further, the committee reviews the results of the Board performance evaluation process that relate to the composition of the Board and reviews the annual time input required from Non-Executive Directors.
The Dalata Board is made up of five Non-Executive Directors and three Executive Directors, supported by Dalata’s company secretarial team. Board members meet formally at regular Board meetings and in Board committees, also less formally, to discuss issues affecting the business of the Group.